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Our Economic Data Projections for 11.04.2014
Here’s what we are looking for in tomorrow’s economic reports (November 4, 2014) -- Good Luck Trading!
1. RBA Rate Decision (10:30PM ET) No Trade -- RBA statement likely to be AUD bearish but we do not trade rate decisions
2. CAD Trade Balance (8:30AM ET) Bearish CAD -- Potential downside surprise due to sharp decline in IVEY PMI in September
3. US Trade Balance (8:30AM ET) No Trade -- Tough call. Rise in ISM manufacturing index offset by drop in new export orders
4. New Zealand Q3 Employment (4:45AM ET) Bullish NZD -- Potential upside surprise due to rise in employment component of manufacturing and service sector PMIs