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Here’s what we are looking for in tomorrow’s economic reports (Nov 9, 2018) — Good Luck Trading!
1. UK Trade Balance, Industrial Production, Manufacturing Production, GDP (4:30 NY Time) No Trade – Trade should be lower given weaker manufacturing PMI. For GDP, weaker retail sales is offset by stronger trade balance
2. US PPI Final Demand (8:30 NY Time) Bullish USD – Potential for upside surprise given sharp rise in prices paid of US ISM manufacturing index
3. US U of. Mich. Report (10:00 NY Time) Bearish USD – Potential for downside surprise given Sentiment likely to be hit by equity market volatility