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Here’s what we are looking for in tomorrow’s economic reports (May 12, 2017) — Good Luck Trading!
1. GE GDP and CPI (2:00 NY Time) Bearish EUR – Potential for downside surprise given Weaker GE retail sales, weaker GE trade
2. EZ Industrial Production (5:00 NY Time) Bullish EUR – Potential for upside surprise given stronger GE industrial production data
3. US CPI and Retail Sales (8:30 NY Time) Bullish USD – Potential for upside surprise given stronger PPI, gas prices extended higher in April and Redbook reports stronger retail sales
4. U. of Mich. Consumer Sentiment Report (10:00 NY Time) Bearish USD – Potential for downside surprise given lower IBD/TIPP index