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Economic Data Calls for 05.17.2016
Here’s what we are looking for in tomorrow’s economic reports (May 17, 2016) — Good Luck Trading!
1. AU RBA Minutes (21:30 NY Time Sunday) -- No Trade -- We don’t trade minutes but these are likely to be dovish
2. UK CPI (04:30 NY Time) -- Bullish GBP -- Potential upside surprise given significant price improvements in all three PMIs
3. EZ Trade Balance (05:00 NY Time) -- Bullish EUR -- Potential upside surprise given stronger GE and French trade balance
4. US Housing Data & CPI (08:30 NY Time) -- Bullish USD -- Rise in gas prices signals stronger US CPI. Housing data harder to predict