News of the day. Friday 20.11.2015

November 20, 2015

Today markets are going to be waiting for news from the eurozone, Germany and Canada. ECB President Draghi’s speech is due at 10 am (all times stated in GMT +2) as he appears at the 25th Frankfurt European Banking Congress in Germany. During the speech, he might comment on the current state of the European economy. At 12:15 pm German Buba President Weidmann speech is due that could attract investors’ attention as well. In the second half of the day news will be released in Canada. October Consumer Price Index data is due at 3:30 pm. On a year-to-year basis the index is expected to remain unchanged from the previous month at 1%. On a month-to-month basis the index can grow from -0.2% to 0.1%. Generally, inflation in Canada is higher than in the US or the eurozone, but it won’t be able to achieve it optimum level of 2% before the end of the year. September data on Retail Sales in Canada is due at the same time. The figure is expected to fall from 0% to -0.2% that could pressure the Canadian Dollar. 

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