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Here’s what we are looking for in tomorrow’s economic reports (Nov 3, 2017) — Good Luck Trading!
1. AU PMI Services and Retail Sales (18:30 and 20:30 NY Time) Bearish AUD – Potential for downside surprise given drop in PMI Manufacturing
2. UK PMI Services and Retail Sales (5:30 NY Time) Bullish GBP – Potential for upside surprise given Stronger PMI Mfg and stronger GfK confidence
3. CA International Merchandise Trade and Employment Report (8:30 NY Time) Bullish CAD – Potential for upside surprise given Sharp rise In employment component of IVEY PMI index but be careful of big swings in full time work
4. US Non-Farm Payrolls, Trade Balance and ISM Non-Manufacturing Composite(8:30 and 10:00 NY Time) – No Trade – ECB expected to taper but there could be a good chance of dovish taper