Geopolitical News Influence Markets
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AUD: up for a rise?
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF
Another interesting indicator that deserves attention is the Australian Private Capital Expenditure. It is released on a quarterly basis and reflects the total value of new capital expenses made by private enterprises. While not as eloquent in the economic context as the primary indicators, it is a first-hand signal of market changes. “First-hand” here does not only mean the objectivity of this figure, but also the fact that it often comes as an early precursor and an alert of significant economic trends. Logically, private businesses have all there is at stake, they react first if something looms and change their investment plans accordingly. Therefore, if the capital expenditures decline, it reflects a gloomy economic outlook for Australian businesses. On the other hand, if they choose to invest more, it means they are confident that the future holds positive outcomes.
- If the indicator comes higher-than-expected, that will support the AUD;
- If the indicator is lower, the AUD may fall.
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Key Event for All Forex: Fed Statement
The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.
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FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
