Market Updates 4/9/2017

AUDUSD continues to test higher levels trading at US$0.7962  as tension looms in the US with North Korea’s missile capabilities and threats.  AUD has support by higher Gold prices trading up 11.53% at US$1,336.

A couple of major news that investors are seeking for further directions, In Australia we have RBA rate decision with market highly expected the rate to remain unchanged, Retail Sales numbers are also due this week. In the US, ISM non-manufacturing PMI & Unemployment claims are due out & in China, Trade balance numbers are due.

DATA RELEASES THIS WEEK:

Monday:

AUD – ANZ Job Advertisements m/m

GBP – Construction PMI

Tuesday:

AUD – Cash Rate, RBA Rate Statement & RBA Gov Lowe Speaks

GBP – Services PMI

Wednesday:

AUD – GDP q/q

CAD – Trade Balance

Thursday:

CAD – BOC Rate Statement, Overnight Rate

USD – ISM Non-Manufacturing PMI & Unemployment Claims

AUD – Retail Sales m/m & Trade Balance

EUR – Minimum Bid Rate & ECB Press Conference

Friday:

CNY – Trade Balance

AUD – RBA Gov Lowe Speaks

GBP – Manufacturing Production m/m

CAD – Employment Change & Unemployment Rate

Andrew Law

General Manager

0411 625 998

Posted in Foreign Exchange News.