News of the day. Friday 11.12.2015

December 11, 2015

Out of macroeconomic publications traders will be following today, it is worth noting news from the EU and the US. Results of Targeted LTRO are due at 12:15 pm (all times stated in GMT+2) in the EU. Long Term Refinancing Operations are aimed at maintaining liquidity in the banking system. The ECB loans funds which have 4 years maturity and a fixed rate to commercial banks. Retail Sales statistics for November are due at 3:30 pm in the US. The indicator is expected to come in at 0.3% after a 0.1% growth in the previous month. Retail Sales ex Autos are expected to be up by 0.3% from 0.2% in October. Retail Sales are followed as an indicator of consumer confidence concerning current economic situation, therefore, favorable statistics are seen as positive for the US Dollar. On Monday night, at 1:50 am, a series of macroeconomic data is due in Japan among which attention needs to be paid to Tankan Non-Manufacturing and Tankan Large Manufacturing indices.

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