Here’s what we are looking for in tomorrow’s economic reports (April 7, 2020) — Good Luck Trading!
1. AU PMI Services (18:30 and 21:30 ET) No Trade — PMI manufacturing was stronger. RBA will be dovish but reluctant to take rates much lower
2. German Industrial Production (02:00 ET) Bearish EUR — Smaller decline in German factory orders but data should still be weaker
3. CAD IVEY PMI (10:00 ET) Bearish CAD — Drop in oil and virus impact will hurt PMI
* This article was originally published here
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