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Economic Data Calls for 08.03.2015
Here’s what we are looking for in Monday’s economic reports (Aug 3, 2015) — Good Luck Trading!
1. AU PMI Manufacturing (7:30PM NY Time) Bearish AUD -- Potential downside surprise given sharp drop in commodity prices and weakness in China
2. Caixin China PMI Manufacturing (9:45PM NY Time) No Trade -- Chinese data is difficult to predict but can be very mearkt moving
3. German PMI Manufacturing Revision (3:55AM NY Time) No Trade -- Revisions are difficult to predict but can be market moving
4. UK PMI Manufacturing (4:30AM NY Time) Bearish GBP -- Potential downside surprise given sharp drop in CBI data
5. US Personal Income & Spending (8:30AM NY Time) Bearish USD -- Potential downside surprise given drop in retail sales and average hourly earnings
6. US ISM Manufacturing (10AM NY Time) No Trade -- Tough call because of conflicting Empire, Philly and Chicago PMI reports