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Our Economic Projections for 12.11.2014
Here’s what we are looking for in tomorrow’s economic reports (December 11, 2014) – Good Luck Trading!
1. AU Employment (7:30PM ET) Bullish AUD – Potential upside surprise given rise in employment component of Manufacturing and Service PMI but level 2 confidence because construction employment declined and last month’s full time report was very strong
2. SNB Rate Decision (3:30AM ET) No Trade – Should be very market moving but we do not trade rate decisions reactively
3. US Retail Sales (8:30AM ET) Bullish USD – Potential upside surprise given strong NFP report and rise in ICSC and Redbook retail sales. However we have a level 2 confidence on this trade because of the decline in oil prices