USD is at two-week low, gold rises
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Japan's manufacturers are very optimistic in a decade as economy surges
In August, confidence at Japanese manufacturers tacked on to its highest value in nearly a decade led by producers of industrial materials, as a Reuters survey informed, in a further indication of broadening economic revival.
The Reuters' monthly survey, tracking the BOJ’s closely watched quarterly tankan – discovered that the service-sector mood went down, while still staying at a relatively high level, thus underscoring the overall firmness in domestic demand that underpinned robust expansion in the second quarter.
Business sentiment was about to plunge moderately over the next three months, showing a potential pullback from the 4% annualized surge in the April-June quarter powered by private consumption as well as capital expenditure.
In August, the sentiment index for manufacturers rallied just one point to 27 in the survey of 548 large- as well as mid-sized companies. The poll was conducted during the period of August 1-16. Up to 265 companies were responded.
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Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Forex today: gold, AUD/USD, and USD/JPY
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S&P ASX 200: one step from a breakthrough
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!
Strong USD is back
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NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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