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Economic Data Calls for October 10,2019
Here’s what we are looking for in tomorrow’s economic reports (October 9, 2019) — Good Luck Trading!
1. German Trade Balance and Current Account Balance (02:00 ET) Bearish EUR — Even though industrial production beat expectations, the general potential weakness in the EZ economy and decline in factory orders signals weakness in German data
2. UK Trade Balance and Industrial Production (04:30 ET) Bullish GBP — Potential upside surprise given rise in manufacturing PMI but GDP could be softer given lower retail sales
3. US CPI (08:30 ET) Bearish USD — Potential downside surprise given unexpected decline in PPI