Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
All eyes on AUD
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, AUD/CAD
Australian Private Capital Expenditure is the sum of new long-term investments made by private businesses, which may include asset purchases as property, equipment, land, and software. This report is published only once in a quarter and tends to have a huge impact on the aussie. In fact, changes in the investment levels of businesses can help to predict how economic activity, hiring, spending, and earnings will change in the near future. The last report revealed the largest decline since the first quarter of 2016 and pushed the Australian dollar down. These days Australia is in a better position as it made the Asian-Pacific trade agreement, and its economy is recovering. Follow the report and keep an eye on the aussie!
- If the capital expenditure comes out better than the forecasts, the AUD will rise.
- If the report is worse than expected – the AUD will fall.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.