Market Updates 2/05/2017

AUD has advanced overnight on expectations that RBA will increase rates in the near future. The RBA is expected to hold its key rate at 1.50% when it meets today.
AUDUSD was up trading up to $0.7523 in the early morning of trading. USD rose strongly again YEN after investors shrugged off weaker US factory activity and inflation data from last week. All investors will be focusing on this week’s Non-Farm Payroll data from the US.
DATAT RELEASES THIS WEEK:
TUESDAY:
USD – ISM Manufacturing PMI
AUD – Cash Rate & RBA Rate Statement
GBP – Manufacturing PMI
WEDNESDAY:
NZD – GDT Price Index, Employment Change q/q/ & Unemployment Rate
GBP – Construction PMI
USD – ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, Crude Oil Inventories, FOMC Statement & Federal Fund Rate
THURSDAY:
AUD – Trade Balance & RBA Gov Lowe Speaks
GBP – Services PMI
CAD – Trade Balance
USD – Unemployment Claims
FRIDAY:
EUR – ECB President Draghi Speaks
CAD – BOC Gov Poloz Speaks, Employment Change & Unemployment Rate
AUD – RBA Monetary Policy Statement
NZD – Inflation Expectations q/q
USD – Employment Rate, Non-Farm Employment Change & Average Hourly Earnings m/m
Andrew Law
General Manager
m: 0411 625 998
Posted in 外汇新闻.