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Economic Data Calls for 8/10/17
Here’s what we are looking for in tomorrow’s economic reports (Aug 10, 2017) — Good Luck Trading!
1. RBNZ OCR (17:00 NY Time) -- Bearish NZD -- Likely to be NZD negative given data
2. Industrial Production, Manufacturing Production, Trade Balance, GDP Estimate (4:30 and 8:00 NY Time) -- Bullish GBP -- Potential for upside surprise given Stronger manufacturing PMI index
3. US PPI (8:30 NY Time) -- Bearish USD -- Potential for downside surprise given Steeper decline in import prices but oil prices increased