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Our Economic Data Projections for 11.18.2014
Here’s what we are looking for in today’s economic reports (November 18, 2014) -- Good Luck Trading!
1. RBA Minutes (7:30PM ET) No Trade -- Could be market moving for AUD but we do not trade rate decisions
2. UK CPI (4:30AM ET) Bearish GBP -- Potential downside surprise given drop in shop prices and the BoE’s recent decision to downgrade their inflation forecasts
3. German ZEW Survey (5AM ET) No Trade -- Most of the latest reports show improvement in German economy but ECB’s concerns make this one a tough trade
4. US Producer Prices (8:30AM ET) Bearish USD -- Potential downside surprise given sharp fall in import prices and oil