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Here’s what we are looking for in tomorrow’s economic reports (Mar 10, 2017) — Good Luck Trading!
1. German Trade Balance (02:00 NY Time) Bullish EURO – Potential for upside surprise given stronger industrial production and manufacturing PMI
2. UK Industrial Production (04:30 NY Time) Bearish GBP – Potential for downside surprise given drop in manufacturing PMI index
3. CAD Employment (08:30 NY Time) No Trade – While employment component of IVEY PMI increased, recent data has been very strong so a pullback is also likely. Difficult call means no trade.
4. US Non-Farm Payrolls Report (08:30 NY Time) No Trade – Non-Farm Payrolls is notoriously volatile and best traded reactively.