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Here’s what we are looking for in tomorrow’s economic reports (Aug 15, 2018) — Good Luck Trading!
1. AU Wage Price Index (21:30 NY Time) – Bullish AUD – Potential for upside surprise given Health of labor market should foster stronger wage gains
2. UK CPI, RPI, PPI (04:30 NY Time) – No Trade – Inflationary pressures moderated in July in the manufacturing sector but accelerated in services. BRC shop prices fell but at a more moderated pace
3. CA Existing Home Sales (09:00 NY Time) – No Trade – CAD housing data is hard to predict but home sales reports are becoming more important
4. Empire Manufacturing, Retail Sales, Industrial and Manufacturing Production (8:30 and 9:15 NY Time) – Bullish USD – Potential for upside surprise given Redbook retail sales rose 0.9% over the previous month. Wage growth accelerated