Economic Data Calls for July 31, 2019

Here’s what we are looking for in tomorrow’s economic reports (July 31, 2019) — Good Luck Trading!

1. Chinese PMIs (21:00 ET) No Trade — Chinese data can be very market moving but difficult to handicap

2. AU CPI (21:30 ET) Bearish AUD — Potential downside surprise give drop in significantly lower inflation expectations

3. GE Unemployment (03:55 ET) Bearish EUR — Potential downside surprise given sharp drop in employment component of PMIs to the lowest level since April 2015

4. EZ GDP Q2 (05:00 ET) Bearish EUR — Potential downside surprise given weaker retail sales in Q2

5. US ADP (08:15 ET) No Trade — ADP is hard to predict but can be very market moving in advance of NFP

6. CAD GDP (08:30 ET) Bearish CAD — Potential downside surprise given drop in retail sales and Bank of Canada dovishness

7. FOMC (14:00 ET) No Trade — Major market moving rate decision – best traded reactively

Weekly Calendar Calls