Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
The key release for the AUD
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
Instruments to trade: AUD/USD, EUR/AUD, AUD/JPY, AUD/NZD
Australian economic figures released in May have been mixed. The nation’s unemployment rate didn’t rise as much as it had been expected, but retail sales collapsed by 17.9%. On Thursday, it will be time to check another key indicator that reflects changes in businesses’ investment levels. Companies are quickly affected by market conditions, so the indicator can be an early signal of future economic activity such as hiring, spending, and earnings. The previous reading was the worst since the end of 2016. There is little doubt that Australia will release another negative figure. The question is: how bad is the situation?
If Private Capital Expenditure comes out stronger than the last time, the AUD will rise.
If Private Capital Expenditure results is weak, the AUD will fall.
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Australian monthly retail sales will be announced at 04:30 MT time (GMT+3) on Wednesday, July 21. T
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!