AUD/USD Eyes Trade Data as Post-Australia GDP Move Fails at Technical Resistance
Asia Pacific markets may trade in calm waters as investors await the highly anticipated US NFP report. Meanwhile, AUD/USD may see a directional shift after trade data for May crosses…
Read More »US Data Mixed – Weekly Claims and the Philly Fed.
EURUSD, H1 The Dollar was little changed following the key US data today, which saw initial claims fall more than expected, 444,000 versus expectations of 453,000, for another pandemic era…
Read More »Events to Look Out for Next Week
FED and BOJ policy meeting and conference is in the spotlight even though it is unlikely to offer up any surprises this week. However, with the US economy building up…
Read More »Nasdaq 100 Sinks Despite Mostly Upbeat Earnings, Asia-Pacific Turns Eye to AU Retail Sales
The Nasdaq 100 shifts lower for a second day despite mostly upbeat earnings reports. Traders will shift focus to Australia’s retail sales figure during Wednesday’s Asia-Pacific session.
Read More »Australia – Westpac leading indicator for March: 0.38% m/m (prior +0.01%)
Westpac Leading Index +0.38% m/m The 6 month annualised growth number from the report is +3.29% Thus, at 3.29% that’s pointing to strong above-trend growth this year. Interestingly the biggest…
Read More »Australia – Westpac Consumer Confidence Index for April: +6.2% m/m (prior +2.6%)
Australia data, the Westpac Consumer Confidence Index for April: +6.2% m/m to 118.8 This is a strong result for consumer confidence against a backdrop in the month of:
Read More »Recap April 11: Elon Musk Uses Chips in Monkeys, Oil drops, Record Highs (Recap Ep118)
In this week’s recap, we found that almost all global markets ended higher, with an all-time high in the Dow and S&P 500, as U.S. Treasury yields fell after softer-than-anticipated…
Read More »NZD/USD May Lift on Travel Bubble but Technical Signal Shows Short-term Pullback
The New Zealand Dollar is moving lower within a Falling Wedge pattern against the US Dollar. A travel bubble between New Zealand and Australia may help bolster the two neighboring…
Read More »Australia preliminary Trade Balance for February 8.1 bn (prior 10.142bn)
Exports and imports boht higher on the month: – Exports of goods in February 2021 increased $502m (2%, prior was +6%) to $32,113m. For the y/y +17% – Imports of…
Read More »Australia Feb. employment change +88.7K (vs expected +30K) & unemployment rate 5.8% (vs expected 6.3%)
Australian February jobs report is an enormous beat Employment Change: +88.7K Unemployment Rate: 5.8% Full-Time Employment Change: +89.1K Part-Time Employment Change: -0.5K
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