AUDUSD continues to trade higher at USD $0.8048 cents on the back of a USD freefall. Some market experts are tipping the AUDUSD testing USD $0.85 cents. Commodities are getting strong focus with a sharp move lower on Friday, with the exception of Gold which hit a new high of USD $1357, Crude Oil sold off down 3.3%. ASX is set for a lower start to the week after US stocks ended lower on Friday’s Trading session.
This week’s focus will be the release of Crude Oil inventories, CPI numbers & Retails Sales figures coming out of the US, Industrial Product numbers from China.
DATA RELEASES THIS WEEK:
AUD – NAB Business Confidence
GBP – CPI y/y
GBP – Average Earnings Index 3m/y
USD – PPI m/m
USD – Crude Oil Inventories, CPI m/m, Core CPI m/m & Unemployment Claims
AUD – Employment Change & Unemployment Rate
CNY – Industrial Production y/y
CHF – Libor Rate & SNB Monetary Policy Assessment
USD – Core Retail Sales & Retail Sales m/m
0411 625 998