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Our Economic Data Projections for 01.02.2015
Here’s what we are looking for in Friday’s economic reports (Jan 2, 2015) – Good Luck Trading!
1. Revisions to GE and EZ PMIs (3:55AM & 4AM ET) No Trade – Revisions are difficult to predict but if there are changes, will be market moving for EURO
2. UK Manufacturing PMI (4:30AM ET) Bullish GBP – Potential upside surprise given rise in the CBI Total Trends Survey.
3. US Manufacturing PMI (10AM ET) Bearish USD – Potential downside surprise given drop in Empire State Manufacturing index, Philadelphia Fed Index and Chicago PMI report