News of the day. Friday 13.11.2015

November 13, 2015

For market participants the day will start with the news from Germany where at 9 am (all times stated in GMT +2) preliminary GDP data for the third quarter is due. According to forecasts, the GDP growth can slow from 0.4% to 0.3%. Preliminary data on the GDP for the eurozone is due at 11 am. Against the previous quarter, the index is expected to remain unchanged at 0.4%, and to grow from 1.5% to 1.7% against the previous year. Thus, the Euro can be substantially supported. In the second half of the day, investors will be waiting for publications from the US. At 3:30 pm, October data on Retail Sales and Retail Sales excluding Autos is due. Both indices are expected to rise. Retail Sales will grow by 0.3% against September figure of 0.1%, while Retail Sales excluding Autos will grow from -0.3% to 0.4%. With forecasts confirmation the USD could strengthen. On Sunday night at 1:50 am, attention needs to be paid to preliminary data on the Japanese GDP for the third quarter, which is forecasted to decline from -0.2% to -1.2%. That would represent a contraction of the economy in Japan and can significantly weaken the Yen.

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