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Economic Data Calls for 07.15.2016
Here’s what we are looking for in tomorrow’s economic reports (July 15, 2016) — Good Luck Trading!
1. CH Industrial Production, Retail Sales and GDP YTD (22:00 NY Time) – No Trade – Chinese GDP, IP and Retail Sales are extremely market moving but also hard to predict
2. EUR Trade Balance and CPI (5:00 NY Time) – Bearish EUR – Potential downside surprise given smaller French and GE Trade deficit
3. US Retail Sales, CPI, and Empire Manufacturing (8:30 NY Time) – Bearish USD – Johnson Redbook survey shows retail sales dropped more than expected in June. Gas prices plunged in June and weaker wage growth
4. US University of Michigan (10:00 NY Time) – Bearish USD – Sharp drop in IBD/TIPP index