Risks are high across board today. Focus is on UK unemployment and US inflation data.
Data released so far -
- Japan - Consumer confidence improved to 41.7 from prior 40.7. Didn't ignite any market impact.
Upcoming -
- Switzerland - Retail sales to be released at 7:15 GMT. Prior was -0.3%.
- Euro zone - Current account balance is scheduled for release at 8:00 GMT. Improvement expected due to weaker Euro. Consumer price index to be released at 9:00 GMT. Might turn positive, however not much impact is expected.
- UK - ILO unemployment rate and related statistics to be released at 8:30 GMT. Weaker report would push pound lower.
- India - RBI will announce FX reserve along with growth rate in bank loans at 11:00 GMT. Another rise to record in expected in Forex reserve.
- US - Consumer inflation statistics as measured by CPI to be released at 12:30 GMT. Will be highly influential on dollar.
- Canada - Canadian dollar will post higher gains should today's CPI surprise to the upside. CPI along with retail sales to be released at 12:30 GMT. CB leading indicator will be published at 14:00 GMT followed by Michigan consumer sentiment at 18:00 GMT.
- Auction - UK will auction 30 year bond today. Higher yield might boost pound.


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