Economic Data Calls for June 5, 2019

Kathy Lien
By Kathy Lien of BK Forex
Forex Market Guru •

Here’s what we are looking for in tomorrow’s economic reports (June 5, 2019).

Here’s what we are looking for in tomorrow’s economic reports (June 5, 2019) — Good Luck Trading!

1. AU PMI Services (18:30 ET) Bearish AUD -- Weaker PMI manufacturing signals weaker PMI services

2. AU GDP (21:30 ET) Bullish AUD -- Potential downside surprise given improvement trade & retail sales in Q1

3. UK PMI Services (04:30 ET) Bearish GBP -- Potential downside surprise given sharp drop in PMI Mfg but confidence was higher

4. EZ PPI & Retail Sales (05:00 ET) No Trade -- Conflicting data makes EZ reports hard to read. Stronger GE CPI. Lower FR CPI. French spending increased. GE fell.

5. US ADP (08:15 ET) No Trade -- ADP is very important to hard to predict

6. US ISM Non-Manufacturing (10:00 ET) Bearish USD -- Weaker ISM Manufacturing report

7. US Beige Book (14:00 ET) No Trade -- We do not trade reports but likely more cautious

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