between 10.30pm and 12mn Syd time tonight there is a raft of...

between 10.30pm and 12mn Syd time tonight there is a raft of economic data released from usa, incl a couple of market movers but almost all are important. The main ones are personal income and outlays at 10.30 syd time. Within this the personal outlays is most important. This has been trending down from 0.6% growth per month to 0.5% over the past six months, with a simple trend extrapolation suggesting 0.4% this time around. Consensus expectation from economists are for 0.2% but the economists have been out by about 0.25% on average. Anyway, if this is just a mid cycle slowdown in the usa economy then you'd expect the weakening trend to start to strengthen about now so I'm looking for greater than .4%.