Here’s what we are looking for in tomorrow’s economic reports (June 24, 2019) — Good Luck Trading!
1. GE IFO (04:00 ET) Bearish EUR — The decline in factory orders and industrial production points to weaker business confidence but the PMIs were up so there could be signs of improvement
Here’s what we are looking for in tomorrow’s economic reports (June 21, 2019) — Good Luck Trading!
1. GE and EZ PMIs (03:30 ET) Bearish EUR — PMIs should be weaker given sharp drop in expectations for ZEW along with declines in industrial production and factory orders
2. CAD Retail Sales (08:30 ET) Bullish EUR — We expect labor gains to drive up spending
3. US Existing Home Sales (10:00 ET) Bullish USD — The prospect of no more rate hikes should help housing
Here’s what we are looking for in tomorrow’s economic reports (June 20, 2019) — Good Luck Trading!
1. NZ Q1 GDP (18:45 ET) Bearish NZD — Potential downside surprise because even though trade activity stabilized in Q1, retail was very weak
2. Bank of Japan Rate Decision (00:00 ET) No Trade — No changes expected from BoJ but could be dovish like other central banks
3. UK Retail Sales (04:30 ET) Bullish GBP — Potential downside surprise as British Retail Consortium reports sharp drop in spending. Wage growth also slowed
4. Bank of England Rate Decision (07:00 ET) No Trade — With Brexit uncertainty, no changes expected from BoE
5. US Current Account Balance & Philadelphia Fed Survey (08:30 ET) Bearish USD — Potential weakness given sharp drop in Empire State
Here’s what we are looking for in tomorrow’s economic reports (June 19, 2019) — Good Luck Trading!
1. NZ Current Account (18:45 ET) Bullish NZD — Potential upside surprise as trade activity stabilized in Q1
2. UK CPI (04:30 ET) Bearish GBP — Potential downside surprise given slowdown inn price growth reported in services and manufacturing sectors
3. CAD CPI (08:30 ET) Bullish CAD — Potential upside surprise because prices increased according to IVEY PMI
4. Fed Rate Decision (14:00 ET) No Trade — Rate decisions are best traded reactively particularly since there’s alot of uncertainty
Here’s what we are looking for in tomorrow’s economic reports (June 18, 2019) — Good Luck Trading!
1. RBA Minutes (23:30 ET) Bearish AUD — RBA minutes should be negative for AUD as they explain the rationale for the recent rate cut
2. GE PPI (02:00 ET) Bearish EUR — Potential downside surprise given drop in CPI and lower wholesale price growth
3. EZ Trade Balance & CPI (05:00 ET) Bearish EUR — Potential downside surprise as trade & CPI weakened in Germany
4. GE ZEW (05:00 ET) Bearish EUR — We are not looking for any material improvement in confidence given heightened trade uncertainty
5. US Housing Starts & Building Permits (08:30 ET) Bearish USD — Housing data is hard to predict but decline in stocks could hurt activity
Here’s what we are looking for in tomorrow’s economic reports (June 17, 2019) — Good Luck Trading!
1. NZ PMI Services Report (18:30 ET) Bearish NZD -- Potential downside surprise given lower manufacturing PMI and slower AU + Chinese growth
2. US Empire State (08:30 ET) Bearish USD -- Potential downside surprise given stronger dollar and weaker momentum in US economy
Here’s what we are looking for in tomorrow’s economic reports (June 14, 2019) — Good Luck Trading!
1. NZ Business PMI Report (18:30 ET) Bearish NZD -- Potential downside surprise as NZ should feel the sting of lower dairy prices and slower Chinese growth
2. Chinese Industrial Production & Retail Sales (20:00 ET) No Trade -- Chinese data can be very market moving but hard to predict
3. US Retail Sales (08:30 ET) No Trade -- Gas prices fell in May but Redbook reported uptick in retail sales. Tough call this month because stocks also fell
4. US University of Michigan Consumer Sentiment Index (10:00 ET) Bearish USD -- Sell-off in stocks and deterioration in US-Sino relations signals weakness in sentiment
Here’s what we are looking for in tomorrow’s economic reports (June 13, 2019) — Good Luck Trading!
1. AU Employment Report (21:30 ET) Bullish AUD -- Potential upside surprise given increase in employment component of manufacturing, services and construction PMI
2. GE CPI (02:00 ET) No Trade -- Revisions are hard to predict but changes can be market moving
3. Swiss National Bank Rate Decision (03:30 ET) No Trade -- SNB will remain dovish and stress the need to easy policy
4. EZ Industrial Production (05:00 ET) Bearish EUR -- Likely to be weaker given sharp drop in German industrial production
Here’s what we are looking for in tomorrow’s economic reports (June 12, 2019) — Good Luck Trading!
1. US Consumer Price Index (08:30 ET) Bearish USD -- Potential downside surprise given stronger dollar and drop in gas prices
Here’s what we are looking for in tomorrow’s economic reports (June 11, 2019) — Good Luck Trading!
1. UK Employment Report (04:30 ET) Bearish GBP -- Potential downside surprise given decline in manufacturing & construction sector jobs according to PMI
2. US Producer Price Index (08:30 ET) Bearish USD -- Potential downside surprise given stronger dollar and drop in oil prices
Here’s what we are looking for in tomorrow’s economic reports (June 10, 2019) — Good Luck Trading!
1. Chinese Trade Balance (12:00 ET) No Trade -- Chinese trade data can be very market moving but hard to predict
2. UK Industrial Production & Trade Balance (04:30 ET) Bearish GBP -- Potential downside surprise as weakness in manufacturing PMI index signals softer industrial production & trade
Here’s what we are looking for in tomorrow’s economic reports (June 6, 2019) — Good Luck Trading!
1. AU Trade Balance (21:30 ET) Bearish AUD -- Potential downside surprise given drop in manufacturing PMI index
2. EZ GDP (05:00 ET) No Trade -- Revisions are difficult to predict but changes are market moving
3. ECB Rate Decision (07:45 ET) No Trade -- ECB likely to be dovish but EURO is deeply oversold.
4. US Trade Balance (08:30 ET) Bearish USD -- Likely to be weaker given rising trade tensions
5. CAD Trade Balance & IVEY PMI Manufacturing (08:30 & 10:00 ET) Bullish CAD -- Stronger IVEY PMI signals trade improvement
