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Here’s what we are looking for in tomorrow’s economic reports (June 10, 2015) — Good Luck Trading!
1. RBNZ Rate Decision (5PM NY Time) No Trade -- The rate decision is a close call. Will definitely be market moving for NZD but best traded reactively using our Big Trades
2. AU Employment (9:30PM NY Time) Bullish AUD -- Potential upside surprise given rise in employment component of construction, services and manufacturing PMI
3. Chinese Retail Sales and Industrial Production (1:30AM NY Time) No Trade -- Chinese data is notoriously difficult to predict but the retail sales and IP should be very market moving
4. US Retail Sales (8:30AM NY Time) Bullish USD -- Potential upside surprise give steady gas prices, strong job growth. Level 2 confidence though because forecasts are high and Redbook retail sales declined.