So far, the market players have been getting contradictory signals from the Federal Reserve.
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The US President Trump is due to make his first address a joint session of the Congress and lay out the future plans of his Administration.
Australian dollar tends to react very actively to the private capital expenditure (Capex) releases as Capex is an early indicator of a country’s economic growth.
The Federal Reserve will release a detailed record of its January meeting at 21:00 MT time.
US preliminary GDP will be published at 15:30 MT time.
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This is a vital piece of economic data that directly influences Australian dollar’s exchange rate.
It took place on January 28th at the 5-star hotel - Grand Hyatt Kuala Lumpur. Though our party was synchronous with the celebration of Lunar New Year, very important holiday in Malaysia, our dear clients found the time to join us.
Inflation is crucial for the US dollar’s valuation.