Economic Data Calls for 3/29/18

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Mar 29, 2018) — Good Luck Trading!

1. GE Unemployment Change and Claims Rate (3:55 NY Time) – Bearish EUR – Potential for downside surprise given Slightly slower job growth according to PMIs

2. UK Mortgage Approvals and GDP (4:30 NY Time) – Bullish GBP – Potential for upside surprise given UK housing data hard to predict but current account balance likely to be better given Q4 trade data

3. GE CPI (8:00 NY Time) – Bearish EUR – Potential for downside surprise given Weaker producer prices signals potentially softer CPI

4. US Personal Income, Personal Spending and PCE Deflator (8:30 NY Time) – Bearish USD – Potential for downside surprise given Weaker retail sales and average hourly earnings

5. CA GDP (8:30 NY Time) – Bullish CAD – Potential for upside surprise given Significantly stronger trade and Increase in Retail Sales

6. US Chicago PMI and U. of Mich. Report (9:45 and 10:00 NY Time) – Bullish USD – Potential for upside surprise given Slightly lower Philadelphia Fed manufacturing index offset by significantly stronger Empire State survey