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Our Economic Data Projections for 12.12.2014
Here’s what we are looking for in tomorrow’s economic reports (December 12, 2014) -- Good Luck Trading!
1. Chinese Retail Sales and IP (12:30AM ET) No Trade -- Chinese data can be very market moving but is notoriously difficult to predict
2. Eurozone Industrial Production (5AM ET) Bearish EUR -- Potential downside surprise given drop in French IP and slower GE IP growth
3. US Producer Prices (8:30AM ET) Bearish USD -- Potential downside surprise given drop in import prices
4. US University of Michigan Consumer Confidence Index (9:55AM ET) Bullish USD -- Potential upside surprise given the rise in sentiment reported by Investors Business Daily