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Here’s what we are looking for in tomorrow’s economic reports (Aug 10, 2017) — Good Luck Trading!
1. RBNZ OCR (17:00 NY Time) – Bearish NZD – Likely to be NZD negative given data
2. Industrial Production, Manufacturing Production, Trade Balance, GDP Estimate (4:30 and 8:00 NY Time) – Bullish GBP – Potential for upside surprise given Stronger manufacturing PMI index
3. US PPI (8:30 NY Time) – Bearish USD – Potential for downside surprise given Steeper decline in import prices but oil prices increased