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All eyes on AUD
Information is not investment advice
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, AUD/CAD
Australian Private Capital Expenditure is the sum of new long-term investments made by private businesses, which may include asset purchases as property, equipment, land, and software. This report is published only once in a quarter and tends to have a huge impact on the aussie. In fact, changes in the investment levels of businesses can help to predict how economic activity, hiring, spending, and earnings will change in the near future. The last report revealed the largest decline since the first quarter of 2016 and pushed the Australian dollar down. These days Australia is in a better position as it made the Asian-Pacific trade agreement, and its economy is recovering. Follow the report and keep an eye on the aussie!
- If the capital expenditure comes out better than the forecasts, the AUD will rise.
- If the report is worse than expected – the AUD will fall.
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Stocks surged at the start of the week
Jump in to get a short market wrap with fresh trade ideas!
USD strengthened as optimism waned
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
What does the first Fed meeting of 2021 have for the USD?
The Federal Open Market Committee (a department of the Federal Reserve) will post its statement and an update on the interest rate on January 27 at 21:00 MT time
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