Economic Data Calls for July 1, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (July 1, 2019) — Good Luck Trading!

1. AU PMI Manufacturing (18:30 ET) Bearish AUD — Slower growth in China and RBA dovishness should translate into weaker PMI

2. Japanese Tankan (19:50 ET) Bearish JPY — Tankan is an important report for Japan. Its not clear how market moving it will be but the data should be weaker given slower global growth

3. EZ PMI Revisions & GE Unemployment Data (03:55 ET) No Trade — Revisions to PMIs can be very market moving but changes are hard to predict

4. UK PMI Manufacturing (04:30 ET) Bearish GBP — Potential downside surprise given sharp drop in CBI index

5. EZ Unemployment Rate (05:00 ET) No Trade — Will have to see how German labor data fares

6. US ISM Manufacturing (10:00 ET) Bearish USD — Significant weakness in Empire State, Philly Fed and Dallas Fed mfg indices

Economic Data Calls for June 28, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 27, 2019) — Good Luck Trading!

1. UK GDP Revisions (04:30 ET) No Trade — UK GDP is generally not revised but if changes are made, they will be market moving

2. EZ CPI (05:00 ET) Bullish EUR — Potential upside surprise given rise in GE CPI

3. US Personal Income & Spending (08:30 ET) No Trade — Hard to predict because while retail sales growth rebounded, wage growth slowed

4. CAD GDP (08:30 ET) Bearish EUR — Potential downside surprise given drop in retail sales but trade improved

5. University of Michigan Sentiment Index Revisions (10:00 ET) No Trade — Revisions are hard to predict but changes should be market moving

Economic Data Calls for June 27, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 27, 2019) — Good Luck Trading!

1. EZ Economic Confidence (05:00 ET) Bearish EUR — ZEW was much weaker, IFO was mostly weaker and German GfK was lower

2. German CPI (08:00 ET) Bearish EUR — Potential downside surprise as oil prices were much lower in June than May. PPI also fell.

3. US GDP Revisions (08:30 ET) No Trade — Revisions to US GDP are difficult to predict but changes will be market moving

Economic Data Calls for June 21, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 21, 2019) — Good Luck Trading!

1. GE and EZ PMIs (03:30 ET) Bearish EUR — PMIs should be weaker given sharp drop in expectations for ZEW along with declines in industrial production and factory orders

2. CAD Retail Sales (08:30 ET) Bullish EUR — We expect labor gains to drive up spending

3. US Existing Home Sales (10:00 ET) Bullish USD — The prospect of no more rate hikes should help housing

Economic Data Calls for June 20, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 20, 2019) — Good Luck Trading!

1. NZ Q1 GDP (18:45 ET) Bearish NZD — Potential downside surprise because even though trade activity stabilized in Q1, retail was very weak

2. Bank of Japan Rate Decision (00:00 ET) No Trade — No changes expected from BoJ but could be dovish like other central banks

3. UK Retail Sales (04:30 ET) Bullish GBP — Potential downside surprise as British Retail Consortium reports sharp drop in spending. Wage growth also slowed

4. Bank of England Rate Decision (07:00 ET) No Trade — With Brexit uncertainty, no changes expected from BoE

5. US Current Account Balance & Philadelphia Fed Survey (08:30 ET) Bearish USD — Potential weakness given sharp drop in Empire State

Economic Data Calls for June 19, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 19, 2019) — Good Luck Trading!

1. NZ Current Account (18:45 ET) Bullish NZD — Potential upside surprise as trade activity stabilized in Q1

2. UK CPI (04:30 ET) Bearish GBP — Potential downside surprise given slowdown inn price growth reported in services and manufacturing sectors

3. CAD CPI (08:30 ET) Bullish CAD — Potential upside surprise because prices increased according to IVEY PMI

4. Fed Rate Decision (14:00 ET) No Trade — Rate decisions are best traded reactively particularly since there’s alot of uncertainty

Economic Data Calls for June 18, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 18, 2019) — Good Luck Trading!

1. RBA Minutes (23:30 ET) Bearish AUD — RBA minutes should be negative for AUD as they explain the rationale for the recent rate cut

2. GE PPI (02:00 ET) Bearish EUR — Potential downside surprise given drop in CPI and lower wholesale price growth

3. EZ Trade Balance & CPI (05:00 ET) Bearish EUR — Potential downside surprise as trade & CPI weakened in Germany

4. GE ZEW (05:00 ET) Bearish EUR — We are not looking for any material improvement in confidence given heightened trade uncertainty

5. US Housing Starts & Building Permits (08:30 ET) Bearish USD — Housing data is hard to predict but decline in stocks could hurt activity

Economic Data Calls for June 17, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 17, 2019) — Good Luck Trading!

1. NZ PMI Services Report (18:30 ET) Bearish NZD -- Potential downside surprise given lower manufacturing PMI and slower AU + Chinese growth

2. US Empire State (08:30 ET) Bearish USD -- Potential downside surprise given stronger dollar and weaker momentum in US economy

Economic Data Calls for June 14, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 14, 2019) — Good Luck Trading!

1. NZ Business PMI Report (18:30 ET) Bearish NZD -- Potential downside surprise as NZ should feel the sting of lower dairy prices and slower Chinese growth

2. Chinese Industrial Production & Retail Sales (20:00 ET) No Trade -- Chinese data can be very market moving but hard to predict

3. US Retail Sales (08:30 ET) No Trade -- Gas prices fell in May but Redbook reported uptick in retail sales. Tough call this month because stocks also fell

4. US University of Michigan Consumer Sentiment Index (10:00 ET) Bearish USD -- Sell-off in stocks and deterioration in US-Sino relations signals weakness in sentiment