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!
Australian jobs data
|The Australian dollar is highly volatile. As the Reserve Bank of Australia does not aim at rate hikes, the Australian currency needs a support. Last time jobs data were not supportive. If this time the number of employed people rises and the unemployment rate goes down, traders can expect the AUD to strengthen. The Australian employment change and the unemployment rate will be released at 4:30 MT time on May 17.|
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.