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European indices set to open higher
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Canadian retail sales, US existing home sales data
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Speeches from SNB and ECB chiefs
Futures markets point to a slightly higher opening of the European cash session today. This comes after an upbeat Asian session earlier today and in spite of a downbeat US session yesterday. Antipodean currencies (AUD and NZD) are top performers among G10 currencies while GBP is top laggard following a miss in retail sales data for December. Oil is trading a touch higher while precious metals trade mixed.
Economic calendar for the day ahead is rather light but includes some second-tier data that may trigger market moves. CAD traders will focus on retail sales data for November (1:30 pm GMT) while USD traders will tune in for existing home sales data for December (3:00 pm GMT). Speeches from central bankers may also be a source of additional volatility for currencies as we have speeches from SNB President Jordan and ECB President Lagarde on the schedule.
9:00 am GMT - Poland, jobs report for December.
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Employment change. Expected: 2.3% YoY. Previous: 2.3% YoY
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Wage growth. Expected: 12.5% YoY. Previous: 13.9% YoY
1:30 pm GMT - Canada, retail sales for November.
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Headline. Expected: -0.5% MoM. Previous: +1.4% MoM
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Ex-auto. Expected: -0.9% MoM. Previous: +1.7% MoM
3:00 pm GMT - US, existing home sales for December. Expected: 3.95 million. Previous: 4.09 million
Central bankers' speeches
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8:00 am GMT - SNB President Jordan
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10:00 am GMT - ECB President Lagarde
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11:00 am GMT - Riksbank Breman
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2:00 pm GMT - Fed Harker
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3:30 pm GMT - ECB Elderson
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6:00 pm GMT - Fed Waller
Top US earnings releases
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Schlumberger (SLB.US) - before market open
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State Street Corporation (STT.US) - before market open
