Russian-Ukrainian conflict is influencing every economic aspect…
AUD in focus of traders
The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
Last time Australian unemployment rate jumped to the highest level since November 1998. Obviously, it was the devastating effect of the coronavirus pandemic: most companies were forced to shut down. As a result, many workers were fired. The total number even surpassed the all-time high of 992 300. Nevertheless, things are not so terrible as it may seem: employment rose by 210 800 in June, beating analysts’ estimates of a 112 000 increase. Now, Australia is suffering from the fresh coronavirus resurgence. New virus cases are inevitably rising in its state Victoria. Therefore, this time unemployment rate may surprise everyone.
- If the unemployment rate is better than the forecast, the AUD will rise.
- Otherwise, the AUD will fall.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.