Economic Data Calls for January 17, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 17, 2020) — Good Luck Trading!

1.Chinese Q4 GDP, Retail Sales & Industrial Production (21:00 ET) No Trade — Chinese data is difficult to predict but can be very market moving

2. ECB Current Account (04:00 ET) Bullish EUR — Potential upside surprise given stronger French and German data

3. UK Retail Sales (04:30 ET) Bullish GBP — Potential upside surprise given sharp rise in BRC retail sales but the forecasts are high

4. EZ CPI (05:00 ET) No Trade — Revisions are difficult to predict but changes can be important

5. US Building Permits and Housing Starts (08:30 ET) Bearish USD — Housing activity expected to weaken towards year end

6. US University of Michigan Consumer Sentiment Index (10:00 ET) Bearish USD — Iran-US tensions are expected to dampen sentiment

Economic Data Calls for Jan 15, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 15, 2020) — Good Luck Trading!

1. UK CPI (04:30 ET) Bearish GBP — Potential downside surprise despite smaller decline in BRC shop prices, price growth continues to be soft

2. EZ Trade Balance and Industrial Production (05:00 ET) No Trade — Mixed EZ data. Stronger GE IP, but weaker FR IP. Weaker GE & FR Trade

3. US CPI (08:30 ET) Bearish USD — Potential downside surprise given weaker US CPI

Economic Data Calls for January 14, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 14, 2020) — Good Luck Trading!

1. Chinese Trade Balance (00:00 ET) No Trade — Chinese data is notoriously difficult to predict but can be very market moving

2. US Consumer Price Index (08:30 ET) No Trade — Gas prices declined in December but factory prices were on the rise

Economic Calls for January 10, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 10, 2020) — Good Luck Trading!

1. AU PMI Services & Retail Sales (16:30 & 19:30 ET) Bullish AUD — Potential upside surprise given rise in PMI manufacturing index

2. UK GDP, Industrial Production & Trade Balance (04:30 ET) Bearish GBP — Potential downside surprise given sharp drop in manufacturing PMI and retail sales

3. US Non-Farm Payrolls (08:30 ET) No Trade — Pullback expected. Non-farm payrolls is difficult to predict but will be very market moving

4. Canadian Employment Report (08:30 ET) No Trade — Should rebound after last month’s sharp drop in jobs but IVEY fell significantly. What makes this a challenge to call is that the employment component increased

Economic Data Calls for January 9, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 9, 2020) — Good Luck Trading!

1. AU Trade Balance (21:30 ET) Bullish AUD — Potential upside surprise given rise in PMI manufacturing index

2. Chinese Inflation Data (20:30 ET) No Trade — Chinese is hard to predict but market moving

3. German Trade and Current Account Balance (02:00 ET) Bearish EUR — Potential downside surprise given lower German manufacturing PMI index

Economic Data Calls for January 7, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 7, 2020) — Good Luck Trading!

1. EZ Retail Sales & CPI (05:00 ET) No Trade — Weaker FR spending but German data released after EZ. CPI should be stronger given rise in Germany

2. CAD Trade Balance (08:30 ET) No Trade — IVEY released on same day as trade

3. US ISM Non-Manufacturing and Trade Balance (8:30 & 10:00 ET) Bearish USD --Significantly weaker ISM manufacturing

4. CAD IVEY PMI (10:00 ET) Bearish CAD --Sharp drop in mfg sales. BoC cautiousness

Economic Data Calls for January 6, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 6, 2020) — Good Luck Trading!

1. AU PMI Manufacturing (18:30 ET) Bearish AUD — Weaker business confidence & CBA PMIs for December

2. EZ PMI Revisions (03:55 ET) No Trade — Revisions are difficult to predict but can be market moving

3. UK PMI Revisions (04:30 ET) No Trade --Revisions are difficult to predict but can be market moving

4. EZ PPI (05:00 ET) No Trade --Weaker German PPI offset by stronger French PPI

Economic Data Calls for January 3, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 3, 2020) — Good Luck Trading!

1. German Labor Data (03:55 ET) Bearish EUR — PMIs report deeper job cuts in mfg and weaker growth in services. CPI likely to remain subdued given weaker PPI

2. US ISM Manufacturing (10:00 ET) Bearish USD — Weaker Empire State and Philly Fed index

3. FOMC Minutes (14:00 ET) No Trade — We do not trade minutes but they are likely to be dollar dovish