Here’s what we are looking for in tomorrow’s economic reports (January 10, 2020) — Good Luck Trading!
1. AU PMI Services & Retail Sales (16:30 & 19:30 ET) Bullish AUD — Potential upside surprise given rise in PMI manufacturing index
2. UK GDP, Industrial Production & Trade Balance (04:30 ET) Bearish GBP — Potential downside surprise given sharp drop in manufacturing PMI and retail sales
3. US Non-Farm Payrolls (08:30 ET) No Trade — Pullback expected. Non-farm payrolls is difficult to predict but will be very market moving
4. Canadian Employment Report (08:30 ET) No Trade — Should rebound after last month’s sharp drop in jobs but IVEY fell significantly. What makes this a challenge to call is that the employment component increased