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Economic Data Calls for Aug 2, 2019
Here’s what we are looking for in tomorrow’s economic reports (Aug 1, 2019) — Good Luck Trading!
1. AU PPI and Retail Sales (21:30 ET) Bullish AUD — Potential upside surprise given rise in AU CPI. Retail sales on the other hand could be mixed with stronger monthly numbers and weaker quarterly.
2. EZ PPI and Retail Sales (05:00 ET) Bullish EUR — Potential upside surprise given rise in German CPI and retail sales
3. CAD Trade Balance (08:30 ET) Bearish CAD — Potential downside surprise given drop in IVEY PMI
4. US Non-Farm Payrolls (08:30 ET) No Trade — Non-farm payrolls is very market moving. Job growth is likely to weaken but this report is best traded reactively.