FxWirePro: The Day Ahead- 5TH December 2017

Lots of economic data and events scheduled for today and some with high volatility risks associated.

Data released so far:

• New Zealand: ANZ commodity price index down 0.9 percent in November.
   
• United Kingdom: BRC like for like retail sales up 0.6 percent in November.
   
• Australia: Retail sales up 0.5 percent in October. Third quarter current account balance came at -9.1 billion. RBA kept monetary policy unchanged at today’s meeting with rates at 1.5 percent.
   
• China: Caixin services PMI rose to 51.9 in November.

Upcoming:

• Spain: Industrial output report will be released at 8:00 GMT, followed by Markit services PMI report at 8:15 GMT.
   
• Italy: Markit services PMI report will be released at 8:45 GMT.
   
• France: Markit services PMI report will be released at 8:50 GMT.
   
• Germany: Markit services PMI report will be released at 8:55 GMT.
   
• Eurozone: Markit services PMI report will be released at 9:00 GMT. October retail sales report will be released at 10:00 GMT.
   
• United Kingdom: Markit services PMI report will be released at 9:30 GMT.
   
• United States: October trade balance report will be released at 13:30 GMT. Markit services PMI report will be released at 14:45 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. TIPP economic optimism at 15:00 GMT.
   
• Canada: October trade balance report will be released at 13:30 GMT.
   
• New Zealand: Global dairy auction is scheduled today.
   
• Auction: U.S. will auction 1-month and 12-month bills at 16:30 GMT. Spain will sell 6-month and 12-month bonds today.
   

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