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Here’s what we are looking for in tomorrow’s economic reports (March 3, 2016) — Good Luck Trading!
1. AU PMI Services and Trade (19:30 NY Time) -- Bullish AUD -- Potential upside surprise given rise in PMI manufacturing
2. China PMI Services and Composite (20:045 NY Time) -- No Trade -- Chinese data is very market moving but hard to predict
3. EZ PMI Revisions (03:55 NY Time) -- No Trade -- Revisions are difficult to forecast but if changes are made, they can be market moving
4. UK PMI Services (04:30 NY Time) -- Bearish GBP -- Potential downside surprise given sharp drop in PMI manufacturing index and consumer confidence
5. EZ Retail Sales (05:00 NY Time) -- No Trade -German retail sales up month on month but down year over year
6. US ISM Manufacturing (10:00 NY Time) -- Bullish USD -- Potential upside surprise given rise in ISM manufacturing