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Relatively quiet day with few economic releases for the day – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggests that with the US market closed due to Thanksgiving, today is set to be a relatively quiet day on the data front.

Key Quotes

“At 10:00 CET, EU money supply figures (M3) for October are due to be released. We generally expect the recent strong growth to continue but are also waiting to see if the decline in growth in loans to non-financial corporations in September continues. This is one of the transmission mechanisms of the ECB's QE purchases and if the upward trend has reversed, this will be a concern for the ECB.”

“Swedish trade balance data and financial market statistics are the highlights in Scandi space today.”

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