GDMFX EU Market Session Outlook (11 06 2015)

Today we'll be awaiting U.S. Retail Sales, continuing and initial jobless claims. Check out more interesting highlights from today's Market Session Outlook: Japan's Nikkei 225 staged a strong comeback after settling at a three-week low in the previous session. Dollar-yen was last quoted at 123. European equities opened lower on Thursday as the standoff between Greece and its creditors shows no signs of ending. Greece continues to dominate the headlines as a deal on reforms and debt between Greece and its creditors continues to elude both parties. Meanwhile in the U.K., investors will react Thursday to Finance Minister George Osborne's Mansion House speech Wednesday night in which he outlined plans to ensure future governments maintain a budget surplus when the economy is growing. Gold held firm near its highest level in a week on Thursday, after a three-day rally sparked by a weaker dollar and safe-haven bids from the Greek debt crisis. Traders are now waiting for U.S. retail sales data later in the day for more clues about the strength of the economy and how that will affect the Federal Reserve's monetary policy. Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent this year, below its 3 percent outlook in January, with India recording the biggest growth of major economies for the first time, ahead of slowing China. U.S. crude shed 23 cents to trade at $61.20 a barrel. Stay Tuned to GDMFX for more Market Session updates: • Like us on Facebook: https://www.facebook.com/GDMFXcom • Follow us on Twitter: https://twitter.com/gdmfx • Follow us on GooglePlus: https://google.com/+Gdmfxcom • Follow us on LinkedIn: https://www.linkedin.com/company/gdmfx • Visit us on our website: http://www.gdmfx.com/