Here’s what we are looking for in tomorrow’s economic reports (Jan 11, 2019) — Good Luck Trading!
1. AU Retail sales (19:30 NY Time) Bearish AUD — Potential for downside surprise give drop in sales component of PMI
2. UK Industrial Production (04:30 NY Time) Bearish GBP — Potential for downside surprise given decline in PMI manufacturing index, but trade could be dampened by Brexit uncertainty
3. US Consumer Price Index (08:30 NY Time) — Bearish GBP — Potential for downside surprise given sharp drop in gas prices and decline in ISM prices