FxWirePro: The Day Ahead- 15th July 2016

Lots of economic dockets scheduled for today and some with high volatility risks.

Data released so far –

• China: GDP grew 6.7 percent in second quarter from a year back and 1.8 percent on quarterly basis. Urban investments grew 9 percent y/y in June. Industrial production grew 6.2 percent y/y and retail sales grew 10.6 percent on yearly basis. New loans rose by 1.38 trillion and money supply grew 11.8 percent.

Upcoming:

• Italy: Trade balance for May will be announced at 8:00 GMT.
   
• Eurozone: Trade balance for May will be announced at 9:00 GMT, along with consumer price inflation for June.
   
• United Kingdom: Bank of England (BoE) governor Mark Carney is scheduled to speak at 12:00 GMT. CB leading economic index will be published at 13:30 GMT.
   
• United States: New York Empire State manufacturing index will be released at 12:30 GMT, along with retail sales and consumer price inflation for June. Michigan consumer sentiment is due at 14:00 GMT.
   
• Canada: Manufacturing shipments data for May will be announced at 12:30 GMT.