Here’s what we are looking for in tomorrow’s economic reports (Oct 3, 2019) — Good Luck Trading!
1. AU PMI Services (17:30 ET) Bearish AUD — While the PMI manufacturing index beat expectations, the rate cut from the RBA and their degree of dovishness leads us to believe that service activity slowed
2. Revisions to EZ PMI Services (03:55 ET) No Trade — Revisions are difficult to handicap but changes are market moving
3. EZ PPI and Retail Sales (05:00 ET) Bearish EUR — German CPI slightly weaker, retail sales soft as well
4. US Non-Manufacturing ISM (10:00 ET) Bearish USD — Sharp fall in ISM manufacturing index signals broader problems for US economy and services