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Economic Data Calls for 12/6/16
Here’s what we are looking for in tomorrow’s economic reports (Dec 6, 2016) — Good Luck Trading!
1. RBA Cash Rate Target (20:30 NY Time) No Trade -- We do not trade rate decisions
2. EZ GDP Revision (5:00 NY Time) No Trade -- GDP revisions are difficult to predict but can be market moving
3. US Trade Balance (8:30 NY Time) Bullish USD -- Potential for upside surprise given Stronger ISM manufacturing
4. CA IVEY PMI (10:00 NY Time) Bullish CAD -- Potential for upside surprise given higher Oct IVEY PMI. Stronger prices
5. US Factory and Durable Goods Orders (10:00 NY Time) No Trade -- Factory orders and durable goods can be market moving but difficult to predict