CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: Michigan data in the spotlight

08:51 16 August 2019

Summary

- US housing market data expected to improve against June
- More weakness expected from the Michigan data
- Norges Bank Deputy Director to deliver a speech

1:30 pm BST - US, Housing market data for July. Data from the US housing market has been quite disappointing as of late but one should keep in mind that further rate cuts could reverse this trend. Housing starts for July are expected to come in at 1.257 million against 1.253 million in the previous month (0.2% MoM) while building permits are seen jumping from 1.232 million in June to 1.270k in July (3.1% MoM)

3:00 pm BST - US, UoM consumer sentiment for August. The US retail sales print released yesterday hinted at a higher than expected spending of the US consumers, what is a good sign for the economy. However, another disappointing reading of the industrial production was also released. Preliminary Michigan indices for August will be interesting as they will show how sentiment balances amid recent de-escalation of the trade war and poor domestic data. Market consensus points to another drop from 98.4 pts to 97 pts.

Central bank speakers scheduled for today
- 12:45 pm BST - Norges Bank Deputy Director Matsen

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