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Our Economic Data Projections for 11.26.2014
Here’s what we are looking for in tomorrow’s economic reports (November 26, 2014) – Good Luck Trading!
1. UK Q3 GDP Revisions (4:30AM ET) No Trade – Revisions to GDP are difficult to predict, best traded reactively and only if there is a meaningful revision
2. US Personal Income and Spending (8:30AM ET) Bullish USD – Potential upside surprise given rise in average hourly earnings and retail sales
3. US Chicago PMI, Pending and New Home Sales (9:45AM and 10AM ET) Bullish USD – Potential upside surprise given rise in Philly Fed index, Empire State manufacturing survey and Existing Home Sales
4. NZ Trade Balance (4:45PM ET) Bullish NZD – Potential rebound expected after a weak September that is reinforced by rise in manufacturing PMI index