Economic Data Calls for 08.05.2015

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Aug 5, 2015) — Good Luck Trading!

1. NZ Employment (6:45PM NY Time) Bullish NZD -- Potential upside surprise given rise in employment component of PMI services and manufacturing

2. AU PMI Services (7:30PM NY Time) No Trade -- Tough call. While PMI manufacturing rose, retail sales plunged

3. Caixin China PMI Composite and Services (9:45PM NY Time) No Trade -- Chinese data is difficult to predict

4. UK PMI Services (4:30AM NY Time) Bullish GBP -- Potential upside surprise given rise in PMI Manufacturing

5. EZ Retail Sales (5AM NY Time) Bearish USD -- Potential downside surprise given drop in German retail sales

6. US ADP (8:15AM NY Time) No Trade -- May be market moving but hard to predict

7. US Trade Balance (8:30AM NY Time) Bearish USD -- Potential downside surprise given strong dollar and drop in ISM manufacturing

8. US ISM Non-Manufacturing (10AM NY Time) Bearish USD -- Potential downside surprise given strong dollar and drop in ISM manufacturing