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Here’s what we are looking for in tomorrow’s economic reports (Dec 31, 2018) — Good Luck Trading!
1. Chinese Non-manufacturing & manufacturing PMI (20:00 NY Time) No Trade – Chinese data is hard to predict but can be market moving
2. US Trade balance (08:30 NY Time) Bearish USD – Potential for downside surprise given weaker manufacturing activity
3. US New Home Sales (10:00 NY Time) Bullish USD – Potential for upside surprise given recovery in existing home sales