Economic Data Calls for May 7, 2021

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 7, 2021) — Good Luck Trading!

1. Chinese Trade Balance (04:30 ET) No Trade — Can be market moving but best traded reactively
2. German Industrial Production and Trade Balance (02:00 ET) Bearish EUR — Potential weakness given lower German PMIs
3. US Non-Farm Payrolls (08:30 ET) No Trade — Very strong job growth expected but NFPs are best traded reactively
4. CAD Employment (08:40 ET) Bearish CAD — Pullback expected after strong numbers

Economic Data Calls for May 6, 2021

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 6, 2021) — Good Luck Trading!

1. UK PMI Services Revision (04:30 ET) No Trade — Revisions can be hard to market moving but hard to predict
2. EZ Retail Sales (05:00 ET) No Trade — COVID shutdowns could curtail demand
3. Bank of England Rate Decision (07:00 ET) No Trade — Rate decisions are best traded reactively

Economic Data Calls for May 5, 2021

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 5, 2021) — Good Luck Trading!

1. NZ Employment Report (18:45 ET) No Trade — NZ is already at pre-pandemic employment, making it difficult to muster further gains
2. EZ Markit PMI Revisions (03:55 ET) No Trade — Revisions can be hard to market moving but hard to predict
3. EZ PPI (05:00 ET) No Trade — Inflationary pressures increased in Germany
4. ADP Employment Report (05:00 ET) Bullish USD — Likely to be very strong as jobs return
5. US ISM Services (10:00 ET) Bullish USD — Very strong numbers expected given acceleration in US recovery

Economic Data Calls for May 4, 2021

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 4, 2021) — Good Luck Trading!

1. AU Trade Balance (21:30 ET) Bullish AUD — Rise in manufacturing PMI index
2. RBA Rate Decision (00:30 ET) No Trade — Rate decisions are best traded reactively
3. UK PMI Manufacturing Revisions (04:30 ET) No Trade — Revisions are hard to predict but can be market moving
4. CAD Trade Balance (08:30 ET) Bullish CAD — Sharp rise in IVEY PMI
5. US Trade Balance (08:30 ET) Bullish USD — Sharp rise in ISM

Economic Data Calls for April 29, 2021

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (April 29, 2021) — Good Luck Trading!

1. NZ Trade Balance (18:45 ET) Bullish NZD — Sharp rise in PMI Manufacturing
2. German Labor Data, EZ Confidence and German CPI (From 3:55-8:00 ET) Bullish EUR — PMIs show stronger GE job growth and prices
3. US Q1 GDP (08:30 ET) Bullish USD — April was a strong month for the US economy with big improvements in spending.

Economic Data Calls for April 28, 2021

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (April 28, 2021) — Good Luck Trading!

1. AU CPI (21:30 ET) Bullish AUD — Sharp rise in consumer inflation expectations in the first quarter
2. CAD Retail Sales (08:30 ET) No Trade — Economists looking for strong recovery due to robust job growth but wholesale sales was weak
3. FOMC Rate Decision (14:00 ET) No Trade — Rate decisions are best traded reactively