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Economic Data Calls for Jan 7, 2020
Here’s what we are looking for in tomorrow’s economic reports (Jan 7, 2021) — Good Luck Trading!
1. AU Trade Balance (19:30 ET) Bearish AUD — Potential downside surprise given weaker manufacturing PMI
2. EZ Confidence and Retail Sales and CPI (05:00 ET) No Trade — EZ data should be weaker but there’s been little evidence of that despite lockdowns
3. CAD IVEY PMI and Trade Balance (8:30 and 10:00 ET) Bearish CAD — Potential downside surprise given virus effect
4. US ISM Services (10:00 ET) Bullish USD — Stronger ISM Manufacturing