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Economic Data Calls for 05.13.2016
Here’s what we are looking for in tomorrow’s economic reports (May 13, 2016) — Good Luck Trading!
1. NZ Retail Sales Ex Inflation (18:45 NY Time) -- Bullish NZD -- Potential upside surprise given slightly stronger credit card spending
2. German Q1 GDP (02:00 NY Time) -- No Trade -- Improvements in Trade support stronger GDP but retail sales has been weak which is negative for growth so tough call.
3. US Retail Sales (08:30 NY Time) -- Bearish USD -- Potential downside surprise because expectations are high and Redbook retail sales decline
4. US University of Michigan Index (10AM NY Time) -- Bullish USD -- Potential upside surprise given rise in IBD/TIPP index