Market Updates 3/7/2017

AUDUSD is trading higher taking advantage of the weaker USD, as investors looking at other central banks potentially increasing rates from Eurozone, UK, Canada and NZ. Speculators are also looking to profit from the surging Euro, Pound & CAD all up around 2% against USD. Focus will be on the PMI data due out in China today, follow by PMI in US and further massive night in trading on Friday when the US releases its Non-farm payroll and unemployment rate.

DATA RELEASES THIS WEEK:

Monday:

CNY – Caixin Manufacturing PMI
GBP – Manufacturing PMI & BOE Gov Carney Speaks

Tuesday:

USD – ISM Manufacturing PMI

AUD – Retail Sales m/m & RBA Rate Statement

GBP – Construction PMI

Wednesday:

EUR – Services PMI

Thursday:

USD – FOMC Meeting Minutes, ADP Non-Farm Employment Change, Unemployment Claims

AUD – Trade Balance

CAD – Trade Balance

Friday:

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

GBP – Manufacturing Production m/m & BOE Gov Carney Speaks

 

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.