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Economic Data Calls for 2/8/18
Here’s what we are looking for in tomorrow’s economic reports (Feb 8, 2018) — Good Luck Trading!
1. AU Trade Balance, Retail Sales and RBA Cash Rate Target (19:30 and 22:30 NY Time) -- No Trade -- RBA could be a bit more cautious. Rate decisions best traded reactively
2. US Trade Balance (8:30 NY Time) Bearish USD -- Potential for downside surprise given Slightly lower ISM index
3. CA International Merchandise Trade and IVEY PMI (8:30 and 10:00 NY Time) -- No Trade -- IVEY and trade balance released same time so hard to predict
4. NZ Employment Report (16:45 NY Time) Bearish NZD -- Potential for downside surprise given Job ads down in Q4 and Manpower index down in Q4