The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
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.
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
Australia will release employment change and an unemployment rate on Thursday, October 14, at 03:30 MT (GMT+3).
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).