We prepared an outlook of major events of this week. Check it and be ready!
Australian job data: the ray of hope for the AUD
Australia will publish an update on employment figures on March 19, at 2:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, AUD/CHF
If you are tired of coronavirus-related news, we recommend you to take a look at the economic calendar. Some of the opportunities may not have as a big effect on the currencies as during the calm times, but traders may still take advantage out of their outcome. One of them is the employment data for Australia, which consists of employment change and the unemployment rate. The previous release was mixed: while employment change advanced by 13.5K, the unemployment rate rose to 5.3%. The reaction of the AUD was limited. What can we expect this time?
- If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the AUD will strengthen;
- If the actual level of employment change is lower and the unemployment rate is higher than the forecasts, the AUD will weaken.
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.