Happy Tuesday, dear traders! Here’s what we follow:
AUD is in focus
Information is not investment advice
Follow the Australian private capital expenditure report on August 27 at 4:30 MT time!
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
It's a key indicator of economic health. Businesses are the first affected by market changes. They have to quickly adapt to the new market environment. Therefore, changes in their investment levels may be an early sign of future economic activity. They will have a direct impact on hiring, spending, and earnings. Australian private capital expenditure slumped by 1.6% in the three months to March. It was the fifth quarter of decrease in a row. Thus, there is an intrigue will the report be positive this time or not. Follow the release!
- If the Australian private capital expenditure is better than the forecast, the AUD will rise.
- Otherwise, the AUD will fall.
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Popular
The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.