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Here’s what we are looking for in tomorrow’s economic reports (April 8, 2016) — Good Luck Trading!
1. German Trade Balance (02:00 NY Time) -- Bearish EUR -- Potential downside surprise given drop in German factory orders and industrial production
2. UK Industrial Production (4:30AM NY Time) -- Bullish GBP -- Potential upside surprise given rise in manufacturing PMI
3. CAD Employment (08:30AM NY Time) -- Bullish CAD -- Potential upside surprise given rise in employment component of IVEY PMI
4/21 -- Close EUR/GBP ahead of ECB at 0.7867
4/8 -- Place Order to Buy EUR/GBP at 0.8050 TRIGGERED
Place Order to Buy EUR/GBP at 0.8050 TRIGGERED