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Our Economic Data Projections for 11.05.2014
Here’s what we are looking for in tomorrow’s economic reports (November 5, 2014) -- Good Luck Trading!
1. UK PMI Services (4:30AM ET) No Trade -- PMI services is difficult to call this month with manufacturing PMI index rising but consumer confidence falling
2. Eurozone Retail Sales (5AM ET) Bearish EUR -- Potential downside surprise sharp drop in German and French consumer spending
3. ISM Non-Manufacturing Index (10AM ET) Bullish USD -- Potential upside surprise given rise in manufacturing ISM index, stronger payrolls and confidence