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Here’s what we are looking for in tomorrow’s economic reports (Dec 22, 2016) — Good Luck Trading!
1. CA Retail Sales and CPI (8:30 NY Time) No Trade – Higher wholesale sales offset by lower price component of IVEY
2. US GDP Revision and Durable Goods Orders (8:30 NY Time) No Trade – GDP revisions are difficult to predict
3. US Personal Income and Spending (10:00 NY Time) Bearish USD – Potential for downside surprise given weaker average hourly earnings and retail sales