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Economic Data Calls for 02.12.2016
Here’s what we are looking for in tomorrow’s economic reports (Feb 12, 2016) — Good Luck Trading!
1. German GDP (02:00 NY Time) Bearish EUR -- Potential downside surprise given drop in retail sales and trade balance
2. EZ IP (05:00 NY Time) Bearish EUR -- Potential downside surprise given drop in German and French industrial production
3. US Retail Sales (08:30 NY Time) No Trade -- Weaker Redbook retail sales offset by stronger average hourly earnings
4. US University of Michigan Index (10:00 NY Time) Bullish USD -- Potential upside surprise given rise in IBD/TIPP index