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Economic Data Calls for 8/16/18
Here’s what we are looking for in tomorrow’s economic reports (Aug 16, 2018) — Good Luck Trading!
1. AU Employment Report (9:30 NY Time) -- Bearish AUD -- Potential for downside surprise given significantly weaker services and manufacturing employment.
2. UK Retail Sales (4:30 NY Time) -- Bearish GBP -- Potential for downside surprise given Weaker growth in BRC retail sales and continued decline in shop prices
3. EZ Trade Balance (5:00 NY Time) -- Bullish EUR -- Potential for upside surprise given Stronger German and French trade balance
4. US Philadelphia Fed Business Outlook, Housing Starts and Building Permits (8:30 NY Time) -- Bullish USD -- Potential for upside surprise given Stronger Empire Manufacturing