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Market focus
On Thursday, 11.07.2019, the economic calendar will be saturated with significant statistics.
At the start of the day, retail sales in New Zealand and the speech of the RBA Deputy Head are worth highlighting from the published data. Data may have a discreet impact on national currencies. Starting from the European session, one can expect increased market volatility due to the publication of inflation data in Germany and France, and the publication of the ECB protocol. The impact on the euro remains significant.
The US session is also full of data on the US inflation. Inflation report in the US can be called the most significant data for the current week. Expectations for the CPI in the United States remain ambiguous, which may cause market restraint for the American dollar.
Hanzenko Anton