Economic Data Calls for 07.05.2016

Here’s what we are looking for in tomorrow’s economic reports (July 5 2016) — Good Luck Trading!

1. AU PMI Services (19:30 NY Time) -- Bullish AUD -- Potential upside surprise given rise in PMI manufacturing index

2. Chinese PMI Services & Composite (21:45 NY Time) -- No Trade -- Chinese data is very market moving but hard to predict

3. RBA Rate Decisions (0:30 NY Time) -- No Trade -- Rate decisions are very market moving and this one could be dovish but hard to predict

4. EZ PMI Services & Composite Revision (04:00 NY Time) -- No Trade -- Revisions are difficult to predict but can be market moving

5. UK PMI Services (04:30 NY Time) -- Bullish GBP -- Potential upside surprise given rise in manufacturing PMI and improvement in GfK

6. EZ Retail Sales (05:00 NY Time) -- No Trade -- Sharp rise in GE retail sales offset by very weak FR sales

7. US Durable Goods Orders & Factory Orders (08:30 NY Time) -- No Trade -- Durable goods and factory orders are moderately market moving.

Weekly Calendar Calls

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