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Economic Data Calls for May 10, 2019
Here’s what we are looking for in tomorrow’s economic reports (May 10, 2019) — Good Luck Trading!
1. GE Trade & Current Account Balance (02:00 ET) Bullish EUR -- Stronger Industrial Production & PMI Signals Better Trade Balance
2. UK Q1 GDP (04:30 ET) Bullish USD -- Potential upside surprise given better retail sales & trade balance
3. CAD Employment (08:30 ET) Bearish CAD -- Potential downside surprise given lower employment component of IVEY PMI
4. US CPI (08:30 ET) No Trade -- Tough call as higher gas prices offset by weaker PPI. Its not clear whether inflation increased or decreased