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Our Economic Projections for 10.30.2014
Here’s what we are looking for in tomorrow’s economic reports (October 30, 2014) -- Good Luck Trading!
1. German Unemployment and Confidence (4:55AM and 6AM ET) No Trade -- This month’s numbers are difficult to handicap because stronger employment growth in manufacturing will be offset by weaker employment growth in services. Confidence on the other hand should suffer from the slowdown in regional growth
2. US Q3 GDP (8:30AM ET) No Trade -- This quarter’s numbers are difficult to predict because improvement in trade activity in Q3 will be offset by weaker retail sales.
3. German CPI (9AM ET) Bearish EUR -- Potential downside surprise given recent decline in inflationary pressures