Economic Data Calls for November 8, 2019

Here’s what we are looking for in tomorrow’s economic reports (November 8, 2019) — Good Luck Trading!

1. Chinese Trade Balance (00:00 ET) No Trade — Chinese data is hard to predict but can be very market moving

2. German Trade Balance & Current Account (02:00 ET) Bullish EUR — Stronger factory orders offset by weaker industrial production

3. Canadian Employment Report (08:30 ET) Bearish CAD — Given Bank of Canada’s outlook and drop in employment component of IVEY, CAD data likely to be weaker

4. University of Michigan Consumer Sentiment Index (10:00 ET) Bullish USD — Stocks hit record high. NFPs mixed but China headlines should benefit