Market Updates 31/07/2017

In local markets, investors are looking at the reporting seasons in Australia with over 150 companies reporting on their results for 2017.  Focus has also been in Iron ore with Goldman Sachs boosted their forecast for the next 3 months to US $70  a tonne. The large investment banker is also calling the top of AUD rally, selling the currency on Friday after it jumped to a 2 year high trading over US $80 cent on Thursday’strading session before a sell-off.

 

Global investors will be focusing on our RBA meeting tomorrow and Non-farm employment numbers on due out Friday in US.

 

DATA RELEASES THIS WEEK:

 

MONDAY:

CNY – Manufacturing PMI & Non-Manufacturing PMI

 

TUESDAY:

AUD – RBA Rate Statement

GBP – Manufacturing PMI

 

WEDNESDAY:

NZD – Employment Change & Unemployment Rate

GBP – Construction PMI

USD – ADP Non-Farm Employment Change

 

THURSDAY:

USD – Crude Oil Inventories

AUD – Trade Balance

GBP – Service PMI, BOE Inflation Report, MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate

 

FRIDAY:

AUD – RBA Monetary Policy Statement & Retail Sales m/m

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

CAD – Employment Change & Trade Balance

Andrew Law
General Manager
m: 0411 625 998

 

Posted in 外汇新闻.