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Economic Data Calls for December 4, 2019
Here’s what we are looking for in tomorrow’s economic reports (December 3, 2019) — Good Luck Trading!
1. AU Trade and Retail Sales (19:30 ET) Bearish AUD — Potential downside surprise given weaker manufacturing PMI and significant drop in sales component of PSI
2. EZ Retail Sales and Q3 GDP Revisions (05:00 ET) No Trade — Revisions are difficult to predict but changes can be market moving
3. US Trade Balance (08:30 ET) Bearish USD — Potential downside surprise given weaker manufacturing ISM
4. CAD IVEY PMI (10:00 ET) Bullish CAD — Steady outlook from BoC suggests improvement in IVEY