US Initial jobless claims will be announced on Thursday at 15:30 MT time.
AUD is in focus
Follow the Australian private capital expenditure report on August 27 at 4:30 MT time!
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
It's a key indicator of economic health. Businesses are the first affected by market changes. They have to quickly adapt to the new market environment. Therefore, changes in their investment levels may be an early sign of future economic activity. They will have a direct impact on hiring, spending, and earnings. Australian private capital expenditure slumped by 1.6% in the three months to March. It was the fifth quarter of decrease in a row. Thus, there is an intrigue will the report be positive this time or not. Follow the release!
- If the Australian private capital expenditure is better than the forecast, the AUD will rise.
- Otherwise, the AUD will fall.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!