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Economic Data Calls for Aug 6, 2019
Here’s what we are looking for in tomorrow’s economic reports (Aug 6, 2019) — Good Luck Trading!
1. NZ Employment Report (18:45 ET) No Trade — Tough to predict this quarter because rise in Manpower employment index is offset by drop in business confidence and employment component of PMI
2. AU Trade Balance (21:30 ET) Bullish AUD — Potential upside surprise give rise in PMI Manufacturing index
3. RBA Rate Decision (00:30 ET) Bearish AUD — Rate decisions are best traded reactively but in the case of RBA, they are likely to be dovish, signaling the possibility of another rate cut this year