ASX is shaping to have a flat opening on Monday as investors are waiting for the corporate results and RBA meeting due this week. Also global investors will be looking for Australia’s Trade Balance result due out Thursday with market tipping for an increase to 0.95b, and the all-important Non-Farm Payroll and unemployment rate due out in the US on Friday, with the market tipping for an increase in job creations of 183,000 jobs and unemployment decrease to 4%.
Mixed results on the closing of US markets on Friday. Dow Jones was down 0.1%, S & P 500 was up 0.1% with Nasdaq closed flat.
AUDUSD bounced back towards US $0.76 cents before coming down currently trading US $0.7571 cents wanted as economic growth data confirmed a shower pace in the first quarter and the yield on the US 10 year Treasury slipped to 2.96%.
DATE RELEASES THIS WEEK:
AUD – RBA Gov Lowe Speaks
AUD – RBA Rate Statement
GBP – Manufacturing PMI
CAD – GDP m/m, BOC Gov Poloz Speaks
USD – ISM Manufacturing PMI
NZD – Employment Change q/q & Unemployment Rate
GBP – Construction PMI
USD – ADP Non-Farm Employment Change, Crude Oil Inventories, FOMC Statement & Federal Funds Rate
AUD – Trade Balance
GBP – Services PMI
CAD – Trade Balance
USD – ISM Non-Manufacturing PMI, Average Hourly Earnings m/m, Non-Farm Employment Change & Unemployment Rate
CHF – SNB Chairman Jordan Speaks
AUD – RBA Monetary Policy Statement
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