Key events for the close – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank noted the key events for the close.

Key Quotes:

“It’s also GDP Friday in Europe, with Q3 seen up 0.4% q-o-q and 1.7% y-o-y, which is probably about as good as it gets given the structural impediments to growth there. This begs the question of where Mr. Draghi’s gloom comes from; until one recalls that this is based on the favourable headwinds of lower oil prices and EUR, which together have only managed to generate this weak – and entirely non-inflationary – upturn.

We also get US retail sales, which is of critical importance. The last payrolls report saw a surge in hiring in the retail sector: is this going to be supported in actual spending? (Note the shares of some key US retailers are suffering of late.) We also get PPI, where it will likely be deflation not inflation in focus, and thenMichigan consumer confidence for November, expected to edge up from 90.0 to 91.5. We finish with another Fed speaker, Mester.

The next Friday the 13th is not until May 2016. Let’s see how markets are trading then, shall we? Happy Friday!”
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Source:: FX Street