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UK DATA

UK GDP Down in Q1 Amid Lockdown

GOLD TECHS

Bullish Price Sequence

WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Price Structure Remains Bullish

USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

US: Recap of Economic Indicators

                            Oct-17    Sep-17   Aug-17   Jul-17   Jun-17   May-17
--------------------------------------------------------------------------------
UI Claims/4wk avg
wk 1                       244/258   298/250  244/241  250/244  245/242  238/243
wk 2                       223/249   281/263  232/241  248/246  238/243  236/244
wk 3                       234/240   260/269  235/238  234/244  242/245  233/241
wk 4                       229/233   269/277  236/237  245/244  244/242  235/236
wk 5                                 258/267           241/242           255/240
Nonfarm Payrolls              +261      +18k    +208k    +138k    +210k    +145k
Private Payrolls             +252k      +15k    +184k    +133k    +207k    +153k
Mfg Payroll                   +24k       +6k     +44k     -11k     +21k     Flat
Unemployment                  4.1%      4.2%     4.4%     4.3%     4.4%     4.3%
Avg Wkly Hours                34.4      34.4     34.4     34.4     34.5     34.4
Avg Hours - Mfg               41.0      40.8     40.8     40.9     40.8     40.7
Aggr Hours Index             +0.2%      Flat    +0.2%    -0.2%    +0.5%    -0.2%
Aggr Hrs Index - Mfg         +0.8%      Flat    +0.1%    +0.2%    +0.3%     Flat
Avg Hourly Earnings           Flat     +0.5%    +0.2%    +0.5%    +0.2%    +0.2%
Final Demand PPI                       +0.4%    +0.2%    -0.1%    +0.1%     Flat
excl food & energy                     +0.4%    +0.1%    -0.1%    +0.1%    +0.3%
excl food, energy, trade               +0.2%    +0.2%     Flat    +0.2%    -0.1%
CPI                                    +0.5%    +0.4%    +0.1%     Flat    -0.1%
excl food & energy                     +0.1%    +0.2%    +0.1%    +0.1%    +0.1%
Import Prices                          +0.7%    +0.6%    -0.1%    -0.2%    -0.1%
non-petro import prices                +0.3%    +0.3%    -0.1%    +0.1%     Flat
ISM Mfg Prices Pd Index       68.5      71.5     62.0     62.0     55.0     60.5
Core PCE Price Index                   +0.1%    +0.1%    +0.1%    +0.1%    +0.1%
Treasury Budget (bn)                  +$8.00  -$107.7   -$42.9   -$90.2   -$88.4
Consumer Credit (bn)                           +$13.1   +$17.7   +$11.5   +$18.1
CB Consumer Confidence       125.9     120.6    120.4    120.0    117.3    117.6
Consumer Sentiment           100.7      95.1     96.8     93.4     95.1     97.1
Car Sales, saar (mn)           4.4       4.6      4.0      4.2      4.0      4.2
Truck Sales, saar (mn)         9.4       9.6      8.3      8.7      8.8      8.5
Total, saar (mn)              13.8      14.2     12.3     12.9     12.8     12.7
Retail Sales                           +1.6%    -0.1%    +0.5%    -0.1%     Flat
excl motor vehicles                    +1.0%    +0.5%    +0.5%    -0.2%    -0.2%
Personal Income                        +0.4%    +0.2%    +0.3%     Flat    +0.3%
Personal Spending                      +1.0%    +0.1%    +0.4%    +0.1%    +0.2%
ISM Mfg Index                 58.7      60.8     58.8     56.3     57.8     54.9
ISM Nonmfg NMI                60.1      59.8     55.3     53.9     57.4     56.9
MNI Chicago Report            66.2      65.2     58.9     58.9     65.7     59.4
Phila Fed Mfg Index           27.9      23.8     18.9     19.5     27.6     38.8
Phila Fed Nonmfg Index        32.2      33.2     31.8     23.4     33.6     25.6
Empire State Index            30.2      24.4     25.2      9.8     19.8     -1.0
Markit Mfg Index              54.6      53.1     52.8     53.3     52.0     52.7
Markit Services Index         55.3      55.3     56.0     54.6     54.2     53.6
Ind Production                         +0.3%    -0.7%    +0.1%    +0.2%    +0.1%
Capacity Util                          76.0%    75.8%    76.5%    76.6%    76.6%
Factory Orders                         +1.4%    +1.2%    -3.3%    +3.2%    -0.3%
Factory Orders ex
transport                              +0.7%    +0.6%    +0.5%    +0.1%    -0.1%
Durables                               +2.0%    +2.1%    -6.8%    +6.4%     Flat
Durables ex transport                  +0.7%    +0.8%     +0.8     Flat    +0.8%
Nondurables                            +0.8%    +0.4%    +0.3%    +0.2%    -0.6%
Mfg Shipments                          +0.8%    +0.6%    +0.2%    +0.1%    +0.3%
Business Inventories                            +0.7%    +0.3%    +0.5%    +0.3%
Factory                                +0.7%    +0.6%    +0.4%     +0.3    -0.2%
Retail                              -1.0%(a)    +0.7%     Flat    +0.6%    +0.6%
Wholesale                           +0.3%(a)    +0.9%     +0.6    +0.6%    +0.6%
Housing Starts (mn)                    1.127    1.183    1.185    1.217    1.129
Building Permits (mn)                  1.225    1.272    1.230    1.275    1.168
NAHB Index                      68        64       67       64       66       69
New Home Sales (k)                       667      561      582      614      606
Existing Homes (mn)                     5.39     5.35     5.44     5.51     5.62
Pending Home Sales Index               106.0    106.0    109.1    110.0    108.6
Construct Spending                     +0.3%    +0.1%    -0.9%    -0.8%    +1.6%
Private Residential                    -0.4%    -0.1%    -0.4%    +1.2%    +0.7%
Trade Balance (bn)                    -$43.5   -$42.8   -$43.6   -$43.5   -$46.4
Exports (bn)                          $196.8   $194.7   $194.5   $194.9   $192.3
Imports (bn)                          $240.3   $237.5   $238.1   $238.5   $238.7
Goods Only, BOP (bn)                  -$65.4   -$64.8   -$65.3   -$65.4   -$66.3
Leading Index                          -0.2%    +0.4%    +0.3%    +0.6%    +0.3%
                                       Q3-17             Q2-17             Q1-17
GDP (chain-wt)                         +3.0%             +3.1%             +1.2%
Final Sales                            +2.3%             +2.9%             +2.7%
Chain prices                           +2.2%             +1.0%             +2.0%
Current-dollar                         +5.2%             +4.1%             +3.3%
                                       Q3-17             Q2-17             Q1-17
Nonfarm Productivity                   +3.0%             +1.5%             +0.1%
Nonfarm Unit Labor Costs               +0.5%             +0.3%             +4.8%
                                       Q3-17             Q2-17             Q1-17
ECI (q/q)                              +0.7%             +0.5%             +0.8%
(a) advance report
--MNI Washington Bureau; +1 212-800-8517; email: sara.haire@marketnews.com
[TOPICS: MTABLE,MAUDT$,M$U$$$]