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Economic Data Calls for 12.23.2020
Here’s what we are looking for in tomorrow’s economic reports (Dec 23, 2020) — Good Luck Trading!
1. US Personal Income and Spending (08:30 ET) Bearish USD — Potential downside surprise given weak retail sales.
2. CAD GDP (08:30 ET) Bullish CAD — Potential upside surprise given smaller trade deficit and stronger retail sales
3. US University of Michigan Sentiment Index Revisions (10:00 ET) No Trade — Revisions are difficult to predict but can be market moving
4. US New Home Sales (10:00 ET) Bearish USD — Potential downside surprise given lower retail sales