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Here’s what we are looking for in tomorrow’s economic reports (Oct 19, 2017) — Good Luck Trading!
1. AUD Employment Report (20:30 NY Time) Bearish AUD – Potential for downside surprise given Drop in employment component of manufacturing and services PMI. Rise in employment component of PMI construction
2. CH GDP, Retail Sales and Industrial Production (22:00 NY Time) – No Trade – Chinese data is very market moving but hard to predict
3. UK Retail Sales (4:30 NY Time) Bullish GBP – Potential for upside surprise given Stronger rise in BRC sales and smaller drop in shop prices
4. US Philadelphia Fed Business Outlook (8:30 NY Time) Bullish USD – Potential for upside surprise given Stronger than expected Empire Manufacturing data