Economic Data Calls for 7/20/17

Here’s what we are looking for in tomorrow’s economic reports (July 20, 2017) — Good Luck Trading!

1. AU Employment Report (21:30 NY Time) -- No Trade -- Services employment up, manufacturing employment down

2. BOJ Policy Balance Rate (00:00 NY Time) -- No Trade -- No major surprises expected from BoJ

3. GE PPI and EZ Current Account Balance (2:00 and 4:00 NY Time) -- Bullish EUR -- Potential for upside surprise given Stronger GE CPI and Current Account

4. UK Retail Sales (4:30 NY Time) -- Bullish GBP -- Potential for upside surprise given Stronger BRC retail sales, smaller decline in shop prices

5. ECB Rate Decision (7:45 NY Time) -- No Trade -- Given recent data improvements, ECB should be hawkish but Draghi’s words are hard to predict

6. Philadelphia Fed Business Outlook (8:30 NY Time) -- Bearish USD -- Potential for downside surprise given weaker Empire Manufacturing data
Weekly Calendar Calls

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