ASX is poising to trade higher this morning in the back of surging earning results on Friday in Europe and NY. Gold has dropped more than 1% trading around USD $1,350 per ounce. AUD also traded higher on Friday hitting a new 3 months high before retrieving some gains currently trading at USD $0.8115 cents.
On Friday USD rose against a basket of currencies on the back of President Donald Trump encouraging a stronger dollar. Investors will be looking for the important indicator on Wednesday for the ADP Non-Farm payroll and Friday Non-Farm and Unemployment number due out in US.
DATA RELEASES THIS WEEK:
USD – CB Consumer Confidence, President Donald Trump speaks & ADP Non-Farm Employment Change
GBP – BOE Gov Carney Speaks
AUD – CPI q/q & Trimmed Mean CPI q/q
CAD – GDP m/m
USD – Crude Oil Inventories & FOMC Statement
GBP – Manufacturing PMI
USD – ISM Manufacturing PMI, Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate
GBP – Construction PMI
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