Here’s what we are looking for in tomorrow’s economic reports (August 15, 2019) — Good Luck Trading!
1. AU Employment Report (22:30 ET) Bearish GBP — Labor data likely to be weaker given softer employment conditions in service and manufacturing sectors
2. UK Retail sales (04:30 ET) Bearish GBP — Drop in shop prices and smaller than expected uptick in BRC retail sales signals weaker spending. But wages were up
3. US Retail Sales (04:30 ET) Bullish USD — Retail sales should be supported by rise in wages and higher Redbook spending numbers