Since there are scarcity economic news releases during today’s session, we decided to outline the most important releases for this week:
Tuesday: We kick off the week with the Reserve Bank of Australia’s interest rate decision, early in the Asian session, the United Kingdom’s latest labour market update, OPEC’s monthly report and possibly the main event of the week, the United States CPI print for the month of July.
Wednesday: We note Germany’s and Spain’s HICP print for the month of July, EIA’s monthly report and the Bank of Canada’s summary of deliberations.
Thursday: Early in the Asian session, we note Australia’s employment report for July, the preliminary second quarter GDP print from the United Kingdom, Eurozone’s respective employment and Q2 GDP reports and the United States producers’ prices update.
Friday: We close the show, with Japan’s preliminary second quarter GDP print and China’s industrial production and retail sales figures, in the early Asian session and from the US we note the University of Michigan’s preliminary, inflation projections, consumer expectations and current conditions leading indicators, alongside with the core retail sales data for July.
Technical Analysis
AUDUSD Chart – AUD gyrates around the $0.6500 area ahead of RBA’s interest rate decision
Resistance: 0.6600 (R1), 0.6700 (R2), 0.6800 (R3)
Support: 0.6430 (S1), 0.6360 (S2), 0.6280 (S3)
