Welcome to Tuesday!
Important release in Australia
AUD/USD is a dynamic and interesting currency pair. If you trade it, you will certainly need to know about an important economic release that will take place at 04:30 MT time on August 30.
Australia will publish private capital expenditure figures. To put it simply, this indicator shows how much money Australian companies spend to develop their business. This is a leading indicator of the country’s economic health. It’s released once in 3 months, so its impact on the AUD exchange rate is high. The last 2 times, the indicator missed the forecasts, and the AUD declined.
• If the indicator is higher than expected, the AUD will gain.
• If the indicator is lower than expected, the AUD will fall.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…