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Here’s what we are looking for in tomorrow’s economic reports (May 23, 2018) — Good Luck Trading!
1. GE and EZ PMI’s (3:30 and 4:00 NY Time) Bullish EUR – Potential for upside surprise given Stronger industrial production offset by weaker factory orders. No major changes in ZEW
2. UK CPI, RPI and PPI (4:30 NY Time) Bearish GBP – Potential for downside surprise given BRC shop prices continued to fall at similar pace & BoE expressed concerns about inflation slowing faster than anticipated
3. US New Home Sales and FOMC Meeting Minutes (10:00 and 14:00 NY Time) – No Trade – We do not trade minutes but housing data likely to be dampened by higher rates