How to trade on August 4?
The market sentiment improved amid the slowdown in virus cases. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Will the USD rise on strong Durable Goods Orders?
The American Durable Goods orders will be announced at 15:30 MT time on December 23.
Durable Goods Orders indicator refers to the percentage change in the number of new orders placed to the US manufacturers of hard goods during the examined month as compared to the previous month. A positive indicator means that there have been more goods ordered than in the previous period. That, in turn, would mean better economic outlook and consumption as projected by the industry participants for the coming three years. The recent dynamic for this indicator has been controversial: October orders were 0.6% higher than September, while the latter showed a 1.4% drop compared to the August figure. If the November figure is positive and exceeds market expectations, the USD will gain strength.
- If the indicator outperforms the forecasts, the USD will rise;
- If the indicator comes lower than the forecasts, the USD will fall.
Similar
All eyes on AUD
The RBA will make a rate statement on August 4 at 7:30 MT time.
Main market movements on July 31
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
Latest news
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
GBP is in focus
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
Deposit with your local payment systems
