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Here’s what we are looking for in tomorrow’s economic reports (Apr 21, 2017) — Good Luck Trading!
1. GE and EZ PMI’s and EZ Current Account Balance (3:30 and 4:00 NY Time) Bullish EUR – Potential for upside surprise given Stronger GE industrial production and factory orders.
2. UK Retail Sales (4:30 NY Time) No Trade – Weaker BRC sales, shop prices fell but less, wages steady
3. CA CPI (8:30 NY Time) Bearish CAD – Potential for downside surprise given Sharp drop in price component of IVEY
4. US PMI’s and Existing Home Sales (9:45 and 10:00 NY Time) No Trade – Existing home sales is difficult to call and with mortgage rates rising sales could be lower but bounce expected from Feb