Optimism faded, gold surged
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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. |
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Busy day ahead! Get ready with us!
The ECB statement and US unemployment claims will be out today. How the market will react?
Risk-on is back
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
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USD starts the week with gains
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
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