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Here’s what we are looking for in tomorrow’s economic reports (Apr 5, 2017) — Good Luck Trading!
1. AiG PMI Services (19:30 NY Time) Bearish AUD – Potential for downside surprise given weaker PMI manufacturing
2. GE and EZ Services and Composite PMI Revisions (3:55 and 4:00 NY Time) No Trade – Revisions are hard to predict but can be market moving
3. UK Services and Composite PMI (4:30 NY Time) Bearish GBP – Potential for downside surprise given lower PMI manufacturing
4. US ADP Employment Change (8:15 NY Time) No Trade – Will be market moving but hard to predict
5. US Services PMI and ISM Non-Manufacturing Composite (9:45 and 10:00 NY Time) No Trade – ISM Manufacturing came in line with expectations
6. FOMC Meeting Minutes (14:00 NY Time) No Trade – We do not trade minutes but likely positive