Every day you have news updates for foreign exchange Melbourne. Every week you have different reports to come out that will affect how the AUD will perform against other currencies. These reports are not all Australian based; they are actually based around the world. You may find a few of the reports listed are unimportant to the trades you wish to conduct. Nevertheless, it is good to know that they are coming out since some major countries can affect numerous trends in currency pairs without having direct involvement in the currency pairs.
Foreign Exchange Melbourne: The Beginning of October 7-11
Monday did not have a lot of reports to come out. Australian markets were closed for the national holiday, but the AUD still traded on in other markets. The Swiss National Bank released foreign currency reserves data to help investors understand their market operations. Key news for Monday was also the decision to launch an investigation into four large banks including Swiss banks regarding some currency market manipulation that may have affected foreign exchange Melbourne and the entire market.
Canada published building permit data to indicate where the future of construction might be heading for the country.
Tuesday was alive with more reports such as New Zealand’s private sector information regarding business confidence. Switzerland also reported retail sales data to show consumer spending and any issues with consumer price inflation. Swiss National Bank’s chairman also spoke later Tuesday. Anytime the chairman speaks from SNB many watch and listen very closely to his comments. The UK released retail sales data, along with the Eurozone, Germany particularly, data for trade balance and factory information. Canada also looked at trade balance. These reports affected any trader in foreign exchange Melbourne looking to trade AUD with these countries like the CHF, EUR, or GBP.
Upcoming Reports for Foreign Exchange Melbourne
To finish out the week, Australia will provide a consumer sentiment report for consumer spending and business confidence data. The BOJ is going to release minutes from the monetary policy meeting, along with insights on their economic position. Japan will also have a report on machine tool orders. The U.K. is releasing industrial and manufacture data, as will the Eurozone.
Foreign exchange Melbourne traders will want to watch for New Zealand data reports for manufacturing orders, along with Japan’s core machinery orders. Australia is going to look at official labour data towards the end of the week. The ECB will discuss Eurozone’s economic outlook and the BOE will assess if the benchmark rate needs to be changed. The Eurozone also has a report from Italy regarding their auction of government bonds.
Canada will announce a labour report on Friday too.
The USA is still not releasing any reports for this week. The partial government shutdown is still in full swing, which means there are no reports expected or that will be released until the government shutdown issue is over. It looks like the USA will hold out until the very last minute to resolve anything, which is starting to cause some market worries.
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