Article 6 April 2017

Market Summary:

Reserve Bank left cash rate unchanged at 1.50% on Tuesday this week. Investors will be focusing on tonight’s economic data and announcements and it all begins with UK Services PMI at 6.30pm. Services PMI is tipped to remain above 50, the point which denotes expansion, but only marginally at 53.5.

Elsewhere tonight we’ll see the latest preliminary non-farm employment figures out of the U.S with ADP numbers due just after 10pm AEST. The market is expecting to see around 184K new jobs, which would be less than the previous months figures but still on pace with recent months’ results. Obviously a bumper number here will provide some rally in the US dollar, particularly against the Aussie – AUD/USD has fallen again but is holding onto 0.75 for the time being. Investors will also be eyeing the all important numbers due out tomorrow in US for the non-farm employment & unemployment rates.


GBP – Services PMI

USD – ADP Non-Farms Employment

USD – ISM Non-Manufacturing PMI

USD – FOMC Meeting Minutes


GBP – Manufacturing Production m/m

CAD – Unemployment Rate

USD – Non-Farm Employment Change & Unemployment Rate

Posted in Foreign Exchange News.