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Our Economic Data Projections or 10.15.2014
Here’s what we are looking for in tomorrow’s economic reports (October 15, 2014) – Good Luck Trading!
1. UK Claimant Count (4:30AM ET) Bullish GBP – We are looking for an upside surprise given the rise in the employment component of service and manufacturing PMI
2. US Retail Sales(8:30AM ET) Bullish USD – Potential for positive surprise given strong rise in spending according to ICSC and solid payrolls but we have a level 2 confidence because of drop in Redbook
3. CAD Existing Home Sales (9AM ET) Bearish CAD – Potential downside surprise given general weakness in housing data
4. US Beige Book Report (2PM ET) No Trade – We do not trade reports like Beige Book