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Economic Data Calls for 02.01.2016
Here’s what we are looking for in Monday’s economic reports (Feb 1, 2016) — Good Luck Trading!
1. Chinese PMIs (20:00 NY Time) No Trade -- Chinese data is market moving but hard to predict
2. UK PMI Manufacturing (04:30 NY Time) Bearish GBP -- Potential downside surprise given sharp drop in CBI index
3. US Personal Income and Spending (08:30 NY Time) Bearish USD -- Potential downside surprise given weaker retail sales and average hourly earnings
4. US ISM Manufacturing (10:00 NY Time) Bullish USD -- Potential upside surprise because of improvement in Philadelphia Fed and Chicago PMI should offset drop in Empire