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Economic Data Calls for 02.23.2016
Here’s what we are looking for in tomorrow’s economic reports (Feb 23, 2016) — Good Luck Trading!
1. German GDP Revisions (2:00AM NY Time) -- No Trade -- Final figures can be revised but difficult to forecast
2. German IFO Report (4:00AM NY Time) -- Bearish EUR -- Potential downside surprise given decline in PMIs, industrial production, ZEW and factory orders along with rise in euro
3. US S&P CaseShiller (9:00AM NY Time) -- No Trade -- Housing numbers could be market moving but difficult to forecast
4. US Consumer Confidence (10:00 NY Time) -- Bearish USD -- Although IBD Sentiment index rise increased, we see potential downside surprise because of UMich decline and volatile markets which should cause sentiment to weaken