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Economic Data Calls for May 31, 2016
Here’s what we are looking for in tomorrow’s economic reports (May 31, 2016) — Good Luck Trading!
1. GE Unemployment (03:55 NY Time) -- Bullish EUR -- Potential upside surprise given PMIs which show strongest job growth in 31 months
2. CAD GDP (08:30 NY Time) -- Bearish CAD -- Potential downside surprise given weaker trade balance and retail sales
3. US Personal Income and Spending (08:30 NY Time) -- Bullish USD -- Potential upside surprise given stronger retail sales and average hourly earnings
4. US Chicago PMI and Consumer Confidence (09:45 & 10:00 NY Time) -- Bearish USD -- Potential downside given lower Empire and Philadelphia fed manufacturing surveys but confidence could be higher given stronger University of Michigan Index