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Economic Data Calls for 7/5/17
Here’s what we are looking for in tomorrow’s economic reports (July 5, 2017) — Good Luck Trading!
1. UK PMI Services and Composite (4:30 NY Time) -- Bearish GBP -- Potential for downside surprise given drop in PMI Manufacturing
2. EZ Retail Sales (5:00 NY Time) -- Bullish EUR -- Potential for upside surprise given stronger FR and GE spending
3. US Factory and Durable Goods Orders (10:00 NY Time) -- No Trade -- Durable goods orders are volatile but can be market moving
4. FOMC Meeting Minutes (14:00 NY Time) -- Bullish USD -- Potential for upside surprise given Fed minutes likely to be positive given Yellen hawkishness