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Economic Data Calls for January 3, 2020
Here’s what we are looking for in tomorrow’s economic reports (January 3, 2020) — Good Luck Trading!
1. German Unemployment (03:55 ET) Bearish EUR — PMIs report deeper job cuts in mfg and weaker growth in services.
2. German CPI (08:00 ET) Bearish EUR — CPI likely to remain subdued given weaker PPI
3. US ISM Manufacturing (10:00 ET) Bearish USD — Likely to be weaker given lower Empire State and Philadelphia Fed index
4. US FOMC Minutes (14:00 ET) No Trade — We do not trade minutes but they are likely to be dollar dovish given Powell’s cautiousness