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Our Economic Data Projections for 12.04.2014
Here’s what we are looking for in tomorrow’s economic reports (December 4, 2014) -- Good Luck Trading!
1. AU Retail Sales and Trade (7:30PM ET) Bullish AUD -- Potential upside surprise given rise in sales component of PMI services and PMI manufacturing in October
2. Bank of England Rate Decision (7AM ET) No Trade -- We do not trade rate decisions and BoE rate decision is expected to be a nonevent
3. ECB Rate Decision (7:45AM ET) No Trade -- Expected to be a big market mover, likely bearish for the euro and best traded reactively
4. CAD IVEY PMI (10AM ET) Bullish CAD -- Potential upside surprise given stronger employment and retail sales