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Economic Data Calls for 11.12.2015
Here’s what we are looking for in tomorrow’s economic reports (Nov 12, 2015) — Good Luck Trading!
1. GE GDP (2AM NY Time) Bearish EUR -- Potential downside surprise given drop in retail sales and trade activity in Q3 vs. Q2
2. EZ Trade Balance and GDP (5AM NY Time) No Trade -- Reaction hinges on GDP but trade should be stronger given rise in GE trade balance
3. US Retail Sales (8:30AM NY Time) Bullish USD -- Potential upside surprise given rise in wages and non-farm payrolls
4. University of Michigan Consumer Sentiment Index (10AM NY Time) Bearish USD -- Potential downside surprise given drop in IBD/TIPP index but will take backseat to Retail Sales