FXStreet (Delhi) – Jonathan Thomas, Senior Economist at Lloyds Bank, lists down the important data releases to keep your eye on for the day. Key Quotes “Ahead of tomorrow’s ECB policy announcement, which is anticipated to see a further loosening of the monetary policy stance, today’s preliminary euro area CPI estimate for November is expected to show a moderate pickup in annual headline inflation from 0.1% to 0.2%.” “Although the recent run of euro area data, including this week’s German and Italian PMIs and unemployment releases, have been moderately upbeat in terms of growth, ECB President Draghi has recently emphasised that the key worry continues to be the weakness of inflation. Today’s release, which is also anticipated to show core inflation remaining unchanged, at 1.1% y/y, is unlikely to assuage such concerns.” “The US November ADP employment change report will be scoured for guidance about Friday’s nonfarm payrolls release which will be a key input into the FOMC’s deliberations ahead of its December 16 policy meeting. However, several Fed speakers, including Chair Yellen, are likely to provide a firmer steer on the policy outlook, possibly with an emphasis on the likely path of the policy rate after the first move. Tonight also sees the Fed publish its monthly ‘Beige Book’ of regional and sectoral developments.” For more information, read our latest forex news.