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Our Economic Data Projections for 10.10.2014
Here’s what we are looking for in tomorrow’s economic reports (October 10, 2014) -- Good Luck Trading!
1. UK Trade Balance (4:30AM ET) Bearish GBP -- Potential downside surprise given stagnant industrial production and weak PMI manufacturing report. Manufacturing activity actually hit a 17 month low with significant weakness in new and export orders
2. CAD Employment (8:30AM ET) Bullish CAD -- Potential upside surprise given sharp rise in employment component of IVEY PMI