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Our Economic Data Projections for 12.30 – 12.31.2014
Here’s what we are looking for in the next 2 day’s Economic Reports – Good Luck Trading!
1. US Consumer Confidence (10AM ET) Bullish USD – Potential upside surprise given rise in University of Michigan and Investors Business Daily Confidence Indices
1. US Chicago PMI and Pending Home Sales (10AM ET) Bearish USD Potential downside surprise given drop in Empire State and Philadelphia Fed manufacturing index
2. Chinese Manufacturing PMI (8PM ET) No Trade – Likely to be bearish but Chinese data is notoriously difficult to handicap.