Stock market is expected to open higher tomorrow. Wholesale inventories will be important data to watch. Gold and silver are now at resistance. So any miss on economic data will pass the key level in gold and silver and it will be bullish for NUGT. Any strong economic data will lead to gold and silver sell off.
Earnings before Friday’s open
ABBV, AON, AVY, B, BPO, COL, DTE, ETN, IMGN, LEA, LM, LPNT, NOV, NWL, PG, SHW, SPG, TCB, TREX, UPS, VTR, WBC, WETF, WY
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 4:00 | EUR | German IFO Expectations | med | 104.5 | 104.2 | |||||
| 4:00 | EUR | German IFO Current Conditions | med | 111.4 | 111.4 | |||||
| 4:00 | EUR | German IFO Business Climate | med | 108 | 107.7 | |||||
| 4:00 | EUR | M3 Money Supply (sa) | med | 2.3 | 2.3 | |||||
| 4:00 | EUR | M3 Money Supply (sa) | med | 2.4 | 2.3 | |||||
| 8:30 | USD | Durable goods orders | med | 2.1 | 0.1 | |||||
| 8:30 | USD | Durables ex defence | high | 0.5 | ||||||
| 8:30 | USD | Durables ex transport | high | 0.5 | -0.1 | |||||
| 9:55 | USD | Univ of Mich Sent. (final) | med | 75 | 75.2 | |||||
| 10:00 | USD | Wholesale Inventories | med | 0.3 | 0.1 | |||||
| 13:00 | EUR | ECB's Asmussen speaks in Milan | low | |||||||
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