Economic Data Calls for 10/26/17

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Here’s what we are looking for in tomorrow’s economic reports (Oct 26, 2017) — Good Luck Trading!

1. NZ Trade Balance (17:45 NY Time) Bearish NZD -- Potential for downside surprise given Lower PMI manufacturing index but last month’s number was very weak

2. ECB Rate Decision 7:45 NY Time) -- No Trade -- ECB expected to taper but there could be a good chance of dovish taper

3. US Advance Goods Trade Balance (8:30 NY Time) Bullish USD -- Potential for upside surprise given Sharp rise in ISM manufacturing index

GBPUSD – Back to 1.3000?

Chart Of The Day Uncategorized

Today’s MPC member testimony in front of UK Parliament cast a particularly dovish tenor in the pound as UK monetary authorities clearly appeared reluctant to hike rates despite inflation data at five-year highs. The BoE officials are concerned that the slowdown in the Uk economy could turn into a recession if monetary conditions are tightened prematurely.

Tomorrow’s UK wage data will go a long way towards deciding which way the BoE will lean. Wage growth has been the principal concern of the more dovish MPC members, as real wages are now showing a -0.9% contraction. Tomorrow wages are expected to maintain the 2.1% pace of the month prior. If they print better than forecast than cable could catch a bid as some of the concerns would be allayed. However, if wages are worse than consensus at the same time as inflation remains stubbornly high, the cable is sure to take a hit and test the 1.3100 mark as hopes of any monetary tightening will be put on hold

Economic Data Calls for 9/27/17

Uncategorized Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Sept 27, 2017) — Good Luck Trading!

1. US Durable Goods and Pending Home Sales (8:30 and 10:00 NY Time) -- No Trade -- Durable good orders are hard to predict but can be market moving

2. RBNZ Official Cash Rate (16:00 NY Time) -- No Trade -- We do not trade rate decisions

Economic Data Calls for 09.07.2017

Uncategorized Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Sept 7, 2017) — Good Luck Trading!

1. AU Retail Sales (21:30 NY Time) -- Bearish AUD -- Potential for downside surprise given sharp drop in sales component of PSI

2. German Industrial Production (2:00 NY Time) -- Bearish EUR -- Potential for downside surprise given drop in factory orders

3. ECB Rate Decision (7:45 NY Time) -- No Trade -- Rate decisions best traded reactively

4. CAD IVEY (10:00 NY Time) -- Bearish CAD -- Potential downside surprise given stronger CAnadian dollar