Friday trades: NFP, gold, EUR/USD
Jump in to get the latest news and the tech analysis of EUR/USD, AUD/USD, and gold!
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.
Similar
NFP will be out on May 7!
One of the most significant economic indicators for the US dollar will come out on Friday at 15:30 MT (GMT+3) - NFP.
Trading ideas for May 10-14
What is better to trade on the week of May 10-14?
Popular
PayPal, GM, Booking, Moderna: stocks react to reports
Let's see how the stock price of these four companies reacted to their earnings reports released this week.
Friday trades: NFP, gold, EUR/USD
Jump in to get the latest news and the tech analysis of EUR/USD, AUD/USD, and gold!
NFP will be out on May 7!
One of the most significant economic indicators for the US dollar will come out on Friday at 15:30 MT (GMT+3) - NFP.
Choose your payment system
