Here’s what we are looking for in tomorrow’s economic reports (Nov 2, 2018) — Good Luck Trading!
1. AU PPI and Retail Sales (21:30 NY Time) Bearish AUD — Potential for downside surprise given lower CPI but retail sales should be weaker given softer spending in July & Aug
2. GE and EZ Manufacturing PMI (4:55 and 5:00 NY Time) — No Trade — Revisions can be market moving but difficult to predict
3. US Trade Balance and Labor Report (8:30 NY Time) — No Trade — Job growth is expected to rebound after weak numbers in October but wage growth could slow
4. CA International Merchandise Trade and Labor Report (8:30 NY Time) — Bearish CAD — Potential for downside surprise given Sharp drop in employment component of Sept IVEY