Here’s what we are looking for in tomorrow’s economic reports (May 17, 2019) — Good Luck Trading!
1. NZ PMI Manufacturing & PPI (18:30 ET) Bearish NZD — Recent rate cut signals potential downside surprise for manufacturing. Softer CPI also signals weaker PPI
2. EZ CPI (05:00 ET) No Trade — Revisions are hard to predict but changes can be market moving
3. University of Michigan Consumer Index (10:00 ET) Bearish USD — Sentiment is likely to sour on the back of lower stocks and trade war tensions