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Economic Data Calls for 5/10/18
Here’s what we are looking for in tomorrow’s economic reports (May 10, 2018) — Good Luck Trading!
1. RBNZ Official Cash Rate (17:00 NY Time) -- No Trade -- RBNZ likely to be neutral as stronger activity offsets weaker CPI
2. UK Visible Trade Balance, Industrial and Manufacturing Production (4:30 NY Time) Bearish GBP -- Potential for downside given Drop in PMI manufacturing index
3. BoE Rate Decision (7:00 NY Time) -- No Trade -- Very big event -- not clear whether the BoE will be hawkish or cautious. Rate hike expectations changed a lot
4. US CPI (8:30 NY Time) Bullish USD -- Potential for upside given sharp rise in gas prices and inflation expectations and slight increase in PPI