ASX is set for another early selloff this morning with SPI down 33 points following another bad night on Wall Street with the Dow Jones down 2.3%, S & P down 2.2% and Nasdaq down 2.3%.
Investors around the world is bracing for more potential volatility after a freeze in negotiation between Trump administration and China over an escalating trade conflict. AUDUSD is currently trading at US $0.7676 cents slightly up from Friday’s low. Gold is also trading slightly higher at US $1,332 per ounce while Iron Ore is flat trading at US $63.57 a tonne.
DATA RELEASES THIS WEEK:
CAD – BOC Business Outlook Survey
USD – PPI m/m
AUD – RBA Gov Lowe Speaks
GBP- Manufacturing Production m/m
EUR – ECB President Draghi Speaks
USD – CPI m/m & Core CPI m/m
USD – Crude Oil Inventories & FOMC Meeting Minutes
JPY – BOJ Gov Kuroda Speaks
EUR – ECB Monetary Policy Meeting Accounts
GBP – BOE Gov Carney Speaks
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