The market sentiment is mixed, but there are still interesting movements on the market.
Australian Retail Sales
|Tuesday, May 8, will be a busy day for the Australian dollar. Retail sales figures will come out at 4:30 MT time. Retail sales provide good insight into the nation’s economic activity, so positive data may support the AUD and will not let it plunge during the RBA’s outlook. This will create a great trading opportunity during the Asian session.|
The Australian jobs data is announced on Thursday at 03:30 MT time.
The US president is back to White House after three days spent in the hospital. Riskier assets rose, while safe havens dipped.
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.