13:30 GMT: Core Retail Sales m/m

Forecast: 0.6%
Previous: 0.5%

We'll be getting the Core Retail Sales (and Retail Sales) figure out of U.S. today, as high impact news releases are concerned, Retail Sales makes up about 2/3 of U.S. GDP.

13:30 GMT: Retail Sales m/m

Forecast: 91.3B
Previous: 85.1B

14:00 GMT: TIC Long-Term Purchases

Forecast: 0.5%
Previous: 0.6%


07:00 GMT: German Prelim GDP q/q

Forecast: 0.5%
Previous: 0.7%
The GDP came out with 0.4. That means a little bit worse than expected.

10:00 GMT: German ZEW Economic Sentiment

Forecast: 20.2
Previous: 15.4


09:30 GMT: CPI y/y

Forecast: 4.0%
Previous: 3.7%
We'll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release.