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Economic Data Calls for May 7, 2019
Here’s what we are looking for in tomorrow’s economic reports (May 7, 2019) — Good Luck Trading!
1. AU Trade Balance & Retail Sales (21:30 ET) Bullish AUD – Stronger PMI Manufacturing and uptick in sales component of retail sales signals upside surprise
2. RBA Rate Decision (0:30 ET) Bearish AUD – Rate decisions are best traded reactively but RBA likely to be dovish
3. CAD IVEY PMI (10:00 ET) Bearish CAD – Potential downside surprise given weakness in GDP and employment during the month of March