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Economic Data Calls for 10.29.2015
Here’s what we are looking for in tomorrow’s economic reports (Oct 29, 2015) — Good Luck Trading!
1. GE Unemployment (4:55AM NY Time) Bullish EUR -- Potential upside surprise given stronger GE construction, manufacturing and service employment PMI
2. US Q3 GDP (8:30AM NY Time) No Trade -- Difficult to predict GDP this Q because stronger retail sales is offset by weaker trade activity.
3. GE CPI (9AM NY Time) No Trade -- PPI and import prices declined albeit at a better pace. Tough call, probably not very market moving
3. US Pending Home Sales (10AM NY Time) No Trade -- Rise in existing home sales offset by drop in new home sales