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On Tuesday, the Eurozone's ZEW business sentiment index showed a deterioration in November from -19.4 to -22.0, dropping to the level of July 2012. But thanks to the positive news from the camp of Brexit negotiators and the partial closing of positions, the euro grew by 74 points.
Today, The GDP of Germany for the 3rd quarter -0.3% forecast will be released. The euro area GDP for the same period in the 2nd estimate s expected to remain unchanged (0.2% vs. 0.4% in the 2nd quarter). Industrial production in the eurozone in September is expected to decline by 0.4%.
In the US, the base CPI for October is expected to increase by 0.2%.The overall CPI increase by 0.3%.On Thursday, it is expected to explosive growth in US retail data for October (0.6%). As a result, we expect a price reduction to 1.1200. Preliminary growth of the euro to 1.1340 (to the Krusenstern line on H4) ) It is possible to follow the 12th.
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