The market sentiment improved amid the slowdown in virus cases. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Australian Retail Sales
|This is a very important economic indicator. It presents the earliest look at consumer spending data and allows to make predictions about the country’s GDP. This year, the Australian dollar has been under pressure. If global trade tensions escalate, it will suffer even more. As the Reserve Bank of Australia is not going to raise an interest rate in the near future, the AUD can be only supported by the positive economic data. Let’s look if the figures are positive at 4:30 MT time on April 4.|
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…