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Here’s what we are looking for in tomorrow’s economic reports (December 23, 2014) – Good Luck Trading!
1. New Zealand Trade Balance (4:45PM ET) Bearish NZD – Potential downside surprise given decline in business PMI index and dairy prices
2. UK GDP (4:30AM ET) No Trade No revisions expected but if changes are made, will have a decent impact on GBP
3. CAD GDP (8:30 AM ET) Bullish CAD – Potential upside surprise because of narrower trade surplus and weaker retail sales
4. US Durable Goods, GDP Revisions, UMich Survey New Home Sales, Personal Income and Personal Spending (From 8:30AM to 10:00AM ET) No Trade -While improvements are expected for most of these reports, trading should grind to a halt afterwards as market shifts to holiday mode. Best to avoid trading these reports