Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Will the Australian jobs data push the AUD?
Information is not investment advice
The levels of employment change and the unemployment rate for Australia are expected on April 18, at 4:30 MT time.
Job creation is an important indicator, which is connected to consumer spending. The more people are employed, the more money they can spend. Last time the level of employment change came out much lower than the expectations (4.6K vs 14.8K). At the same time, the unemployment rate fell to 4.9%. Let's see if the indicators support the Australian currency this time.
• If the employment change is higher and the unemployment rate is lower than the forecasts, the aussie will rise;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the aussie will fall.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.