Investors' attention is directed to the Eurogroup meeting over the weekend, the theme is the Greek debt crisis. Markets are expected to open on Monday with high volatility and possible gapove.
EUR Week will begin with the CPI data for Germany and Spain, with Germany expected the CPI to remain at levels of 0.1%. Impact on the market at the beginning of the week is likely to have data on retail sales and unemployment in Germany. Estimates of unemployment in the Eurozone remain at a level of 11.1% that go on Tuesday. On Thursday will come a detailed record of the most recent meeting of the ECB Governing Council. At the end of the week data on retail sales in the eurozone is likely to move the market as ochavakniyata were 0.2% in the previous period of 0.7%.
GBP Data on current account will come on Tuesday as analyzers is expected to -27.3 billion. Support for the pound is likely to have PMI in prizvodstveni construction sectors and the services sector, which will come out in the second half of the week, expectations are for increased compared to the previous period.
USD is expected to increase consumer confidence data as it will come out at the beginning of the week is likely to give a strong boost to the dollar against the major currencies as the upward movement na USD e likely to continue until the end of the week, where support will be the level of unemployment which is expected to decrease by 0.1%.
JPY On Monday, Denmark retail sales is likely to put pressure on the yen as expectations are for 2.1% compared to the previous period to 4.9%, but the average monthly income is expected to increase by 0.7%, which is possible have a positive impact vurhi JPY.
Support for AUD Australian dollar at the end of the week can have data on retail sales, which will come out on Friday as expectations are for growth of 0.5%.
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