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Economic Data Calls for May 29, 2020
Here’s what we are looking for in tomorrow’s economic reports (May 29 2020) — Good Luck Trading!
1. EZ CPI (05:00 ET) Bearish EUR — Price pressures expected to remain subdued
2. CAD Quarterly & Monthly GDP (08:30 ET) Bearish CAD — Significantly weaker retail sales and trade signal lower GDP
3. US Personal Income & Spending (08:30 ET) Bearish USD — Retail sales and wage growth were weak. Significantly lower personal income/spending numbers are expected
4. US University of Michigan Sentiment Index (10:00 ET) No Trade — Revisions are difficult to predict but changes can be market moving