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Here’s what we are looking for in tomorrow’s economic reports (Jan 25, 2018) — Good Luck Trading!
1. IFO Business Report (4:00 NY Time) No Trade – Don’t expect much from IFO with ECB in a few hours
2. ECB Rate Decision (7:45 NY Time) No Trade – ECB best traded reactively but watch for euro concern
3. CA Retail Sales (8:30 NY Time) No Trade – Weaker Wholesale Trade Sales offset by Stronger Employment Data
4. Advance Trade Balance and New Home Sales (8:30 and 10:00 NY Time) Bullish USD – Potential for upside surprise given Trade deficit should narrow given stronger ISM manufacturing index, weaker dollar.