Economic Data Calls for August 4, 2021

Here’s what we are looking for in tomorrow’s economic reports (August 3, 2021) — Good Luck Trading!

1. NZ Employment Report (18:45 ET) Bullish NZD – NZ PMIs mostly stronger in Q2 which would be consistent with stronger data
2. AU Retail Sales (18:45 ET) – No Trade – Q2 retail sales may be better because lockdowns didnt really spread until July but tough call
3. EZ PMI Revisions (04:30 ET) – No Trade – Revisions are difficult to predict but can be market moving
4. EZ Retail Sales (18:45 ET) – Bullish EUR – EZ retail sales should be stronger as increased vaccinations bolster activity
5. ADP Employment Change (08:15 ET) – No Trade – ADP can be market moving but hard to predict
6. US ISM Services (10:00 ET) – No Trade -Manufacturing activity was weaker but spending is said to have shifted to services so hard to predict

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