FXStreet (Delhi) – Research Team at Danske Bank, suggests that there are plenty of data releases in US session but the focus will be on the US retail sales in November.
Key Quotes
“This is one of the few remaining figures to be released ahead of the FOMC meeting next week. Consensus expects an increase of around 0.3% but, in our view, there are some downside risks to this forecast as the weekly retail sales from ICSC have been weak.”
“The US preliminary consumer confidence survey from University of Michigan for December is also released today. While consumer sentiment fell in November, it is still at a high level. Consumers’ long-term inflation expectations are likely to attract attention as they have been trending down for the past couple of years and some FOMC members have expressed concern about this development. Long-term inflation expectations were 2.6% y/y in November.”
“The US PPI figures for November is also due today. The low commodity prices imply that there is currently no price pressure from the producer side.”
(Market News Provided by FXstreet)