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Economic Data Calls for May 5, 2020
Here’s what we are looking for in tomorrow’s economic reports (May 5 2020) — Good Luck Trading!
1. RBA Rate Decision (12:30AM ET) No Trade — RBA should remain dovish but rate decisions are best traded reactively
2. UK PMI Revisions (04:30AM ET) No Trade — Revisions are difficult to predict but changes will be market moving
3. EZ PPI (05:00AM ET) Bearish EUR — Potential downside given weaker German and French PPI
4. US Trade Balance and Non-Manufacturing ISM (08:30AM & 10:00 ET) Bearish USD — Potential downside given sharp drop in ISM Manufacturing