Pound dropped as Boris Johnson’s health got worse
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
Does the AUD stand a chance?
Information is not investment advice
The Australian NAB Business Confidence indicator will be announced at 02:30 MT time on Tuesday.
Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY, AUD/CHF
Needless to say, Australia is not in the best company of circumstances now. Climate change keeps torturing the country by repeating statewide bushfires. At the same time, the coronavirus reduces the country’s most extensive source of trade income – China. No surprise, the last two monthly indicators were below 0, which means worsening economic conditions. Consequently, the AUD stands little chance against other currencies. Will the picture improve this week? Fundamentals say, unlikely. Still, there is always a factor of unexpected change. In the end, the market cannot know everything (if you like to know how well the market “knows” things, you can check our investigation on the Efficient Market Hypothesis).
- If the indicator is higher than predicted, the AUD will rise.
- If the indicator comes lower than the forecast, the AUD will fall.
Similar
Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Popular
Pound dropped as Boris Johnson’s health got worse
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
Emergency in Japan as coronavirus spreads
Coronavirus pushes to recession countries one by one. This time it gets to Japan, known as one of the world’s hardest working nation.
How is the Canadian labor market doing?
Canadian jobs data will be announced on Thursday at 15:30 MT time.
Choose your payment system
