Market Updates 28/08/2017

AUDUSD surged over USD$79.45 cents on the back of a weaker USD, dropped in Oil futures prices to 2.8% from hurricane storms in the US.

Speech made by Federal Reserve Chair Janet Yellen on the weekend didn’t support any direction for any interest rates rise this year. Investors are looking for further trading directions with a host of data releases this week. The focus will be on ADP Non-Farm data on Wednesday as a minor indication with Non-Farm employment and Unemployment rate due out on Friday.  The Market is expecting an increase in job creations with over 209,000 in new jobs during July.

DATA RELEASE THIS WEEK:

Tuesday:

JPY – Unemployment Rate

Wednesday:

USD – CB Consumer Confidence, ADP Non-Farm Employment Change & Prelim GDP q/q

Thursday:

USD – Crude Oil Inventories & Unemployment Claims

AUD – Private Capital Expenditure q/q

Friday:

CNY – Caixin Manufacturing PMI

GBP – Manufacturing PMI

USD – Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate

Saturday:

USD – ISM Manufacturing PMI

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.