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Economic Data Calls for 1/17/17
Here’s what we are looking for in tomorrow’s economic reports (Jan 17, 2017) — Good Luck Trading!
1. UK CPI, RPI and PPI (4:30 NY Time) -- Bullish GBP -- Potential for upside surprise given PMI services output prices hit 68 month high. Manufacturing prices high but eased slightly
2. GE ZEW Survey (5:00 NY Time) -- Bullish EUR -- Potential for upside surprise given investor sentiment supported by stronger data, weaker euro
3. US Empire Manufacturing (8:30 NY Time) -- Bearish USD -- Potential for downside surprise given that a stronger dollar should hamper manufacturing activity