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Economic Data Calls for 05.05.2016
Here’s what we are looking for in tomorrow’s economic reports (May 4, 2016) — Good Luck Trading!
1. AU Trade Balance and Retail Sales (21:30 NY Time) -- Bearish AUD -- Potential downside surprise given lower manufacturing PMI and contractionary sales component of PMI services
2. Caixin Chinese PMIs (21:45 NY Time) -- No Trade -- Chinese data is market moving but difficult to predict
1. UK PMI Services (04:30 NY Time) -- Bearish GBP -- Potential downside surprise given lower confidence and manufacturing PMI