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Economic Data Calls for 01.22.2016
Here’s what we are looking for in tomorrow’s economic reports (Jan 22, 2016) — Good Luck Trading!
1. EZ PMIs (03:30 NY Time) No Trade -- Tough call. ZEW current rise, expectations drop. Industrial production fell and factory orders increased
2. UK Retail Sales (04:30 NY Time) No Trade -- Likely to be bearish but weaker wages are offset by rise in BRC retail sales monitor
3. CAD CPI and Retail Sales (08:30 NY Time) Bullish CAD -- Potential upside surprise given sharp rise in wholesale trade and price component of IVEY PMI
4. US Existing Home Sales and Market PMI (09:45 and 10:00 NY Time) No Trade -- Existing home sales is difficult to predict and weaker Empire offset by stronger Philly reports