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Economic Data Calls for 10/30/18
Here’s what we are looking for in tomorrow’s economic reports (Oct 30, 2018) — Good Luck Trading!
1. GE Unemployment Change and Claims Rate (4:55 NY Time) Bearish EUR -- Potential for downside surprise given Strong but slightly weaker labor market activity
2. EZ Consumer Confidence and GDP (6:00 NY Time) Bearish EUR -- Potential for downside surprise given Most important release is Q3 GDP and based on EZ retail sales & trade, data should be weaker
3. GE CPI (9:00 NY Time) Bullish EUR -- Potential for upside surprise given Weaker EUR and sharp rise in PPI should keep price pressures elevated
4. US Consumer Confidence (10:00 NY Time) Bearish USD -- Potential for downside surprise given Weakness in retail sales, stocks and Umich survey point to softer confidence