Economic Data Calls for November 5, 2019

Here’s what we are looking for in tomorrow’s economic reports (November 5, 2019) — Good Luck Trading!

1. AU PMI Services (16:30 ET) Bearish AUD — Potential downside rise given significantly weaker PMI manufacturing index

2. RBA Rate Decision (22:30 ET) No Trade — We do not trade rate decisions but RBA will most likely to dovish

3. UK PMI Composite and Services (04:30 ET) Bearish GBP — Potential downside surprise given drop in GfK confidence. However UK PMI Manufacturing index increased

4. EZ Producer Prices (05:00 ET) Bullish EUR — Potential upside surprise given rise in consumer price index

5. CAD Trade Balance (08:30 ET) Bearish CAD — Likely to be weaker given significant drop in IVEY PMI

6. US Trade Balance & ISM Non-Manufacturing (08:30 & 10:00 ET) Bearish USD — Rise in ISM but slightly weaker than prior month

7. NZ Q3 Employment Report (16:45 ET) No Trade — RBNZ has been cautious but labor data forecast is hard given improvement in Manpower but weakness in jobs component of manufacturing index

Weekly Calendar Calls

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