Buckle up for a busy economic calendar

Forex

What’s coming up in North American trade

Here’s a rundown on data schedule:

  • 1230 GMT (8:30 am ET) Philly Fed
  • 1230 GMT Initial jobless claims
  • 1230 GMT Canada ADP employment
  • 1345 GMT Markit services PMI
  • 1345 GMT Markit manufacturing PMI
  • 1400 GMT Existing home sales
  • 1400 GMT Fed’s Williams
  • 1700 GMT Fed’s Clarida
  • 1830 GMT Fed’s Powell and Brainard

At this point, we all know how the market reacts to negative economic data (it’s ignored) but there’s a decent chance of a beat on the PMIs and the Philly Fed so I’m interested to see the market reaction to that. If it’s good, many of the recent ranges are likely to break.

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