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Here’s what we are looking for in tomorrow’s economic reports (June 5, 2017) — Good Luck Trading!
1. AU PMI Services (19:30 NY Time) – Bearish AUD – Potential for downside surprise given Sharp drop in PMI Mfg.
2. CH Caixin PMI Services and Composite PMI (21:45 NY Time) – No Trade – Chinese data is hard to predict but will be very market moving
3. UK Services and Composite PMI (4:30 NY Time) – Bearish GBP – Potential for downside surprise given drop in PMI Mfg. but rise in GfK
4. US Services PMI, Composite PMI, ISM Non-Manufacturing Composite, Factory and Durable Goods Orders (9:45 and 10:00 NY Time) – No Trade – Drop in NFP’s offset by sharp rise in ISM Manufacturing