Key global events that traders will be watching this week – TDS

By FXStreet FXStreet (Delhi) – Research Team at TD Securities, lists down the three big events from across the globe, which traders will be keenly watching to gauge further direction of the global economy.

Key Quotes

“China Data Dump (11 Nov): It’s the monthly Chinese data dump, with retail sales, industrial production, and inflation all out. The services sector and the consumer are vastly overlooked in China, especially when it comes to forecasting GDP. While there are no reliable leading indicators for this sector, retail sales should offer a good signal, and we lean towards a slight upside to mkt unchanged +10.9%/yr and pencil in 11%/yr. On the production side, we see upside to mkt forecast of 5.8%, even if our 6.5% proves to be a little ambitious. And for CPI, food prices moderated in October, so we expect a tick lower in overall CPI.

US October Retail Sales (13 Nov): Spending momentum should remain on the weak side in October, and our expectation is for retail sales activity to post a very meagre 0.2% m/m advance, marking a modest acceleration in spending momentum after essentially stalling during the prior two months. Stronger auto sales and a rebound in gasoline sales should bolster the …read more

Source:: FX Street