Key Data Being Released Today.
Tuesday
- USD Fed Chair Powell Speaks
- GBP BOE Gov Bailey Speaks
- FOMC Member Bowman & Evans Speaks
- AUD NAB Business Confidence: prev. 13
- EUR ZEW Economic Sentiment: exp. 20.6
- EUR German ZEW Economic Sentiment: exp. 20.3
The Aussie Dollar
Last week we saw the Aussie Dollar fall 2.4% from its high at the beginning of the week, with a host of tier 1 economic data being released and both the FED and the RBA deciding on monetary policy.
This week should be calmer but definitely, far from uneventful, there are plenty of Fed policymakers speaking publicly this week, and US inflation data is set for release on Tuesday and Wednesday/ Early Thursday Morning AEDT.
Thursday is a big day as it sees the release of both Australian and US jobs data. The Australian Bauru Od Bureau of Statistics (ABS) will release its official labour market report for Australia for the month of October and is expected to show employment rising modestly as lockdowns were eased. While in the US the September Unemployment claims report will be released, which should show that labour demand in the US remains strong.
Also, good to keep a note of that Friday will be a Bank Holiday in the US for Veterans Day, so if your supplier needs their funds by the end of the week I would suggest doing the payment a Wednesday or Thursday to make sure it arrives on time.
AUD/USD Daily Chart
Major Global Markets
- Stocks
- S&P 500 closed at 4701
- NASDAQ closed at 16334
- ASX 200 closed at 7452
- Currencies
- AUD/USD – At the time of writing this report trades at 0.7422
- AUD/JPY – At the time of writing this report trades at 84.06
- AUD/CNH – At the time of writing this report trades at 4.739
- DXY (US Dollar Index) – At the time of writing this report trades 94.05
- AUD/EUR – At the time of writing this report trades 0.6405
- Bonds
- US 10-year Bonds are currently at 1.491
- Commodities
- Iron Ore – Trading at USD/T 94.36
- Gold – trading at USD/OZ 1823
- Brent Crude Oil – Trading at USD/Bbl 83.69