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Here’s what we are looking for in tomorrow’s economic reports (Nov 1, 2018) — Good Luck Trading!
1. AU Manufacturing PMI and Trade Balance (18:30 and 21:30 NY Time) Bearish AUD – Potential for downside surprise given Slower Chinese growth should take toll on PMI
2. UK PMI Manufacturing (5:30 NY Time) Bearish GBP – Potential for downside surprise given Sharp drop in CBI index
3. BoE Rate Decision (8:00 NY Time) – No Trade – No changes expected to be made to BoE neutral outlook
4. US ISM Manufacturing (10:00 NY Time) – No Trade – Stronger Empire offset by Weaker Chicago PMI and Philly Fed