The markets look to start with a positive view with strong gains on Friday after employment data in the US showed strong jobs growth on the back of non-farm payroll added 222k new jobs. Investors are looking for further directions in the local markets with Business Confidence and Consumer Confidence due out this week and globally at Chairwoman Yellen on Thursday evening local time.
AUDUSD is also trading a higher from last week’s low currently seating just above USD $0.75 cents, Gold is slightly down trading just above USD $1,213.15 per ounce while Iron Ore continues to strengthen trading above USD $62.80 a ton.
DATA RELEASE FOR THIS WEEK:
CNY – CPY y/y
AUD – NAB Business Confidence
AUD – Westpac Consumer Confidence
GBP – Average Earnings Index 3m/y
CAD – BOC Monetary Policy Report, BOC Rate Statement & Overnight Rate
USD – Fed Chair Yellen Testifies, Crude Oil Inventories, PPI m/m, Unemployment Claims
USD – CPI m/m, Core CPI & Retail Sales
0411 625 998