Economic Data Calls for May 15, 2019

Here’s what we are looking for in tomorrow’s economic reports (May 15, 2019) — Good Luck Trading!

1. AU Employment Report (21:30 ET) Bearish AUD — Potential downside surprise given major deterioration in the employment component of manufacturing, service and construction PMIs

2. EZ Trade Balance (05:00 ET) Bullish EUR — Potential upside surprise given improvement in Germany’s trade balance

3. US Housing Starts, Building Permits & Philly Fed Survey (08:30 ET) Bullish USD — Potential upside surprise given higher Empire State survey and diminished chance of a rate hike by the Fed