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Economic Data Calls for 08.31.2016
Here’s what we are looking for in tomorrow’s economic reports (Aug 31, 2016) — Good Luck Trading!
1. GER Unemployment Change and EZ CPI Report (3:55 and 5:00 NY Time) -- Bearish EUR -- Potential for downside surprise given that job growth continued but at its weakest pace in 3 months
2. ADP Employment Change (8:15 NY Time) -- No Trade -- Can be market moving but hard to predict
3. CA GDP Report (8:30 NY Time) -- Bearish CAD -- Potential for downside surprise given weaker retail sales and major deterioration in trade
4. US Chicago PMI and Pending Home Sales (9:45 and 10:00 NY Time) -- Bearish USD -- Potential for downside surprise given that Weaker Empire offsets stronger Philly Fed, but both numbers were still soft