Economic Data Calls for 05.05.2016

Here’s what we are looking for in tomorrow’s economic reports (May 4, 2016) — Good Luck Trading!

1. AU Trade Balance and Retail Sales (21:30 NY Time) – Bearish AUD – Potential downside surprise given lower manufacturing PMI and contractionary sales component of PMI services

2. Caixin Chinese PMIs (21:45 NY Time) – No Trade – Chinese data is market moving but difficult to predict

1. UK PMI Services (04:30 NY Time) – Bearish GBP – Potential downside surprise given lower confidence and manufacturing PMI

Swing

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