In local markets, investors are looking at the reporting seasons in Australia with over 150 companies reporting on their results for 2017. Focus has also been in Iron ore with Goldman Sachs boosted their forecast for the next 3 months to US $70 a tonne. The large investment banker is also calling the top of AUD rally, selling the currency on Friday after it jumped to a 2 year high trading over US $80 cent on Thursday’strading session before a sell-off.
Global investors will be focusing on our RBA meeting tomorrow and Non-farm employment numbers on due out Friday in US.
DATA RELEASES THIS WEEK:
CNY – Manufacturing PMI & Non-Manufacturing PMI
AUD – RBA Rate Statement
GBP – Manufacturing PMI
NZD – Employment Change & Unemployment Rate
GBP – Construction PMI
USD – ADP Non-Farm Employment Change
USD – Crude Oil Inventories
AUD – Trade Balance
GBP – Service PMI, BOE Inflation Report, MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate
AUD – RBA Monetary Policy Statement & Retail Sales m/m
USD – ISM Non-Manufacturing PMI, Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate
CAD – Employment Change & Trade Balance