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Here’s what we are looking for in tomorrow’s economic reports (May 01, 2017) — Good Luck Trading!
1. AiG PMI Manufacturing (19:30 NY Time) Bearish AUD – Potential downside surprise given weakness in exports & RBA concern
2. US Personal Income, Spending and PCE Deflator (8:30 NY Time) Bearish USD – Potential for downside surprise given weaker average hourly earnings and retail sales
3. US ISM Manufacturing (10:00 NY Time) Bearish USD – Potential for down surprise given weaker Empire, Philly and Chicago PMI