Economic Data Calls for Jan 31, 2019

by Kathy Lien Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Jan 31, 2019) — Good Luck Trading!

1. Chinese PMIs (20:00 NY Time) No Trade -- Chinese data can be very market moving but hard to predict

2. German Unemployment & EZ Q4 GDP (03;00 & 05:00 NY Time) Bearish EUR -- Potential for downside as employment growth eased to the slowest since Dec 2016. GDP growth should be weaker as well

3. US Personal Income & Spending (08:30 NY Time) Bullish USD -- Potential for upside surprise given stronger wage growth and holiday spending

4. CAD Q4 GDP (08:30 NY Time) Bearish CAD -- Potential for downside surprise given significantly weaker trade balance and retail sales

5. US Chicago PMI Index (09:45 NY Time) No Trade -- Tough call as stronger manufacturing conditions in Philadelphia offset weaker activity in NY

Economic Data Calls for May 31, 2016

by Kathy Lien Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 31, 2016) — Good Luck Trading!

1. GE Unemployment (03:55 NY Time) -- Bullish EUR -- Potential upside surprise given PMIs which show strongest job growth in 31 months

2. CAD GDP (08:30 NY Time) -- Bearish CAD -- Potential downside surprise given weaker trade balance and retail sales

3. US Personal Income and Spending (08:30 NY Time) -- Bullish USD -- Potential upside surprise given stronger retail sales and average hourly earnings

4. US Chicago PMI and Consumer Confidence (09:45 & 10:00 NY Time) -- Bearish USD -- Potential downside given lower Empire and Philadelphia fed manufacturing surveys but confidence could be higher given stronger University of Michigan Index