Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
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.
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!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.