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Here’s what we are looking for in tomorrow’s economic reports (March 6, 2020) — Good Luck Trading!
1. AU PMI Services and Retail Sales (16:30 and 19:30 ET) Bearish AUD — Likely to be weaker given RBBA rate cut, sharp drop in manufacturing PMI signals weakness in economy
2. US Non-Farm Payrolls (08:30 ET) No Trade — Non-farm payrolls is incredibly difficult to predict and the impact will be very market moving so best traded reactively
3. Canadian Employment Report (08:30 ET) No Trade — Canadian labor data is incredibly difficult to predict and the impact will be very market moving so best traded reactively