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Here’s what we are looking for in tomorrow’s economic reports (July 7, 2017) — Good Luck Trading!
1. GE Industrial Production (2:00 NY Time) Bearish EUR – Potential for downside surprise given drop in GE factory orders
2. UK Industrial, Manufacturing Production and Trade Balance (4:30 NY Time) Bearish GBP – Potential for downside surprise given drop in manufacturing PMI
3. US NFP Change (8:30 NY Time) – No Trade – This NFP report is very important given the Fed’s hawkishness and the softness of previous report. It needs to be very good to support the USD rally
4. CA Employment Report and IVEY PMI (8:30 and 10:00 NY Time) – No Trade – IVEY released after employment report so no trade