In the macroeconomic statistics coming out next week, the following indicators can be distinguished: Monday In Japan, retail sales and industrial production data will be released, as well as the consumer confidence index and the volume of orders in the construction sector. In China, the index of business activity in the service sector and in the manufacturing sector will be published. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. Private sector lending data will be released in Australia.In Spain and Italy, inflation data will be released, and in the Eurozone – consumer credit indicators. In Germany, inflation data will also be available, including the main and harmonized consumer price indices.In Canada, the price indices for industrial products and raw materials, as well as the balance of payments, will be published. In the United States, Memorial Day is celebrated, banks and stock exchanges are closed, and macroeconomic statistics are not published.Tuesday In Australia, the index of activity in the manufacturing sector from AiG and the PMI in the manufacturing sector from the Commonwealth Bank will be published. And also in Australia, the number of building permits and the trade balance will be published. The Reserve Bank of Australia will hold a meeting to announce the regulator's decision on the interest rate. Construction permits will be issued in New Zealand. In Japan, capital expenditures and the Jibun Bank PMI index in the manufacturing sector will be released. China will publish the Caixin Manufacturing PMI.The next OPEC meeting will be held in Vienna. In the UK, the Nationwide house price index will be known. In Russia, Sweden, Spain, Italy, France, Germany, the Euro area and the United Kingdom, Markit will release indicators of business activity in the manufacturing sector. Switzerland will publish the real volume of retail trade, the SVME business activity index and economic growth indicators for the first quarter of 2021. In Germany, the unemployment rate and the change in the number of unemployed will be released. In the euro area, the unemployment rate and inflation indicators, including the basic and main consumer price indices, will be published. Bank of England Governor Andrew Bailey will make a speech.In Canada, GDP growth data for the first quarter of this year and the indicator of business activity in the manufacturing sector will be released. In the US, the Redbook retail sales index, the ISM manufacturing PMI, an indicator of economic optimism, construction spending data and the Dallas Federal Reserve Industrial PMI will be published. Fed representative Lal Brainard will give a speech.Wednesday New Zealand will publish the Terms of trade index. In Australia, economic growth data for the first quarter of 2021 will be released.In Germany, retail sales data will be available, and in the UK, consumer credit data and the number of approved applications for unemployment benefits will be available. In the Eurozone, the producer price index will be released. The head of the Bundesbank, Jens Weidmann, will make a speech.In Canada, the number of building permits will be released. In the US, the MBA Mortgage Lending Index, the Redbook retail sales index and the Fed's Beige Book Economic Review will be published. The American Petroleum Institute will report on oil reserves for the past week.Thursday In Australia, the AiG construction sector activity index, the Commonwealth Bank Services PMI, import and export indicators and the overall trade balance will be published. In Japan, foreign and domestic investment data and Jibun Bank's manufacturing PMI will be released. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. In China, the Caixin manufacturing PMI will be released.Russia, France, Spain, Italy, Germany, the Euro zone and the UK will publish indices of business activity in the service sector. The UK will hold a hearing on the inflation report. Bank of England Governor Andrew Bailey will make a speech.In the US, the ADP report on the level of employment in the private sector, the number of initial and repeated applications for unemployment benefits, costs per unit of labor, the index of business activity in the service sector will be released. The Energy Information Administration will report last week on natural gas reserves in the United States.Friday In Japan, data on household spending will be released. In Australia, the indicators of mortgage loans and investment loans for the construction of houses will be published.In the UK, the index of business activity in the construction sector will be known. In the euro area, retail sales data will be released.In Canada, labor productivity indicators are released. In the US, employment market data for May will be released, including the number of new jobs outside of agriculture, the unemployment rate, the share of the labor force in the total population and average hourly wages. Canada will also publish the unemployment rate, the change in the number of employees, the level of average hourly wages and the Ivey business activity index. Baker Hughes will report on the number of active oil rigs last ...
According to Markit Economics, activity in the Australian manufacturing sector continues to grow. However, the pace of this growth has slowed down slightly. The PMI value fell this month to 51.7 points, which was the lowest level of the indicator for the last 14 months. In July, it was at the level of 56.9 points. The survey participants reported a negative impact on the production of supply disruptions. Demand has also declined. This is evidenced by a decrease in the volume of new orders. The deadlines for the execution of applications by suppliers have increased. At the same time, they are growing at the fastest pace since April last year. The degree of price pressure decreased slightly in August. However, production costs grew at a rate that is significantly higher than the average value. Despite the existing problems, many representatives of companies positively assess the prospects for the next 12 months. The PMI in the Australian services sector fell this month by 0.9 points to 43.3 ...
Data published by the Australian Customs Administration shows an increase in the country's foreign trade surplus. At the end of June, it amounted to $10 billion 496 million, which is $51 million more than the experts' forecast. In the previous month, the surplus amounted to $9 billion 269 million. Experts note that Australia has managed to maintain a profit on the foreign trade balance for more than 40 months in a row. This indicates a high demand for its products from countries that are Australia's main trading partners. In June, the growth rate of export deliveries in monthly terms slowed to 4%. According to the results of the previous month, the volume of Australian exports increased by 6%. Imports rose by 1% in June after rising by 3% in May. According to Moody's, Australia is on the list of countries with moderate economic losses from the coronavirus pandemic. Its economy is gradually ...
The Canadian Bureau of Statistics reported the largest increase in inflation in Canada in 10 years, driven by higher prices for residential real estate and passenger cars. According to the published statistics, consumer prices in May of this year increased by 3.6% compared to the same month of the previous year. Compared to the 3.4% annual inflation recorded in April, the annual price increase has strengthened. The economists ' forecast suggested an increase in inflation to 3.5%. Inflation in the country has increased, despite the fact that last month a new sharp jump in people infected with the coronavirus forced the Canadian authorities to re-impose restrictions. In June, most regions began to gradually remove these restrictions. The consumer price index for ordinary shares, which is closely monitored by the Bank of Canada, was 1.8% in May, while economists had forecast it at 1.9%. The Bank of Canada has set a target range of 1-3% for inflation. The regulator's immediate goal is to achieve 2% inflation. The Central Bank expects a reduction in inflation from the level of 3% no earlier than in the ...
The Central Bank of Australia has released the minutes of the last meeting, which was held this month. The document, in particular, says that it is too early to discuss the curtailment of the asset purchase program. This program supports the Australian economy. It will be necessary until the country's economy returns to its pre-crisis state. According to the RBA forecast, the full normalization of the situation in the country's labor market, as well as the achievement of the target value for the level of inflation, will occur no earlier than 2024. The meeting participants suggested that in the coming years, the wages of Australians will grow. Currently, the country's economy is moving from recovery to growth. The protocol also states that the exchange rate of the national currency changes in a narrow range. A significant rise in the price of some commodities did not have a serious impact on the dynamics of the Australian dollar. The national currency is supported by an effective monetary policy, which is carried out by the Central Bank of the ...
In the macroeconomic statistics coming out next week, the following indicators can be distinguished: : Monday In Australia, the index of activity in the service sector from AiG and the indicator of the number of vacancies from ANZ Bank will be published. China will publish data on imports, exports and the overall trade balance. In Japan, the indices of leading and matching indicators will be known.In Switzerland, the unemployment rate and the consumer price index will be released. Germany will publish data on production orders. In the Euro area, the Sentix investor confidence indicator will become known. In Russia, the consumer price index will be published.In the US, the dynamics of consumer lending volumes will be published.Tuesday In Japan, economic growth indicators for the first quarter of 2021, changes in the level of wages, the balance of foreign trade and bank lending data will be released. New home sales figures will be released in Australia. The National Bank of Australia will present the confidence index and the index of business conditions. In Japan, the index of the current situation and the forecast of developments from Eco Watchers will be known.Industrial production data will be released in Germany and Sweden. In France, the figures for imports, exports and the overall trade balance will be published. In the euro area, the GDP growth indicator for the first quarter of 2021, the employment rate and the ZEW Institute's index of economic sentiment will be released.In the US, the business optimism index, the trade balance and the Redbook retail sales index will be published. In Canada, data on imports, exports and general statistics on international trade in goods will be released. The American Petroleum Institute will report last week on raw materials stocks.Wednesday In New Zealand, sales data in the industrial sector will be released. Reserve Bank of Australia Deputy Governor Christopher Kent will deliver a speech. In Australia, the Westpac consumer confidence index will also be published. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. In China, the consumer price index will be known.Germany will publish data on imports, exports and the overall trade balance.In the US, the MBA mortgage lending index will be released. On the same day, a meeting of the Bank of Canada will be held, the regulator's decision on the interest rate will be announced. The Energy Information Administration will report last week on commercial oil reserves in the United States.Thursday New Zealand will publish retail sales data. In Japan, the producer price index and indicators of foreign and Japanese investment in securities will be released. In Australia, expectations for consumer price inflation will become known.In France, the number of new jobs outside of agriculture and industrial production data will be published. In Sweden, the consumer price index will be known, and in Italy – the indicators of industrial production. The European Central Bank will hold a meeting, the decision on the interest rate will be known. Andy Haldane, a representative of the Monetary Policy Committee, will make a speech.The US will publish the number of initial and repeated applications for unemployment benefits, the basic and basic consumer price indices and the monthly budget report. The Energy Information Administration will report last week on natural gas reserves in the United States. Timothy Lane, a representative of the Board of Governors of the Bank of Canada, will make a speech.Friday In New Zealand and Japan, business activity indices in the manufacturing sector will be published.In the UK, data on industrial production and manufacturing output, the index of activity in the service sector, the balance of trade in goods and the GDP growth indicator for May will be released. In Germany, the wholesale price index will be known. The Bank of Russia will announce the decision on the interest rate.In the US, the University of Michigan Consumer Confidence index will be published. Baker Hughes will report on active drilling rigs in the US and around the ...
The volume of retail sales in Canada in March, according to official statistics, amounted to 57.6 billion US dollars. Compared to the previous month, the indicator in value terms increased by 3.6%. In real terms, sales growth was 3.2%. The main contribution to the growth of the indicator was made by the sale of building materials, garden equipment and equipment, clothing and accessories. At the same time, sales of food products and beverages decreased in March. According to the results of the first three months of this year, the volume of sales in the retail sector in value terms increased by 1.8% compared to the fourth quarter of last year. In real terms, the growth was 0.5%. Retailers continued to experience difficulties, as local authorities imposed restrictions in several regions of the country due to new cases of coronavirus infection. It is reported that in March there was a period when 2.1% of all retail outlets were closed in the country. According to a preliminary estimate from Statistics Canada, retail sales declined 5.1% in ...
The index, which measures business conditions in Australia, rose 8 points in April from the previous month to 32 points. According to the report, which was published by the statistical office of the country. It also notes that all the components that make up this index also showed positive dynamics. So, the subindex, which characterizes trading conditions in Australia, rose in April by 5 points and amounted to 40 points. The indicator that measures the degree of profitability of companies increased by 8 points in monthly terms to 33 points. The employment sub-index rose 7 points to 22 points. This indicator has improved even though the government's employment support program has expired. Business confidence in the Australian economy also rose in April. The corresponding indicator increased by 9 points to 26 points. The growth of confidence was recorded in all sectors of the country's economy against the background of the recovery of retail ...
The AUD/CAD currency pair is formed from the banknotes of two commodity economies of Canada and Australia at once, which plan their budgets from the abundant proceeds from the sale of raw materials and minerals.At the same time, the pair cannot be called too popular on Forex, more often traders prefer other, more liquid pairs instead. The peak of trading falls on the Asian trading session.AUD CAD online forecast for todayThe AUD/CAD forecast for today has been compiled thanks to more than twenty technical analysis indicators and has a weighted average value for four periods of the chart. We recommend paying attention only to the strongest values, such as Actively buy or Actively sell.General characteristics of AUD/CADThe Australian dollar in international designations received the designation AUD. In addition to Australia itself, this money has free circulation in other states of Oceania. As an example, we can name such island states as Tuvali and Nauri and Karebati.The Australian dollar is included in the 7 most popular currencies in international settlements and is converted into any other monetary units.AUD is used in global processing - CLS, which supports currency tranches between all member countries of the International Monetary Fund.The Canadian currency has a CAD ticker and, like the Australian currency, is freely convertible with other currencies. Canada is one of the largest energy exporters in the northern hemisphere. That is why AUD/CAD is considered a pair of two commodity economies.Unfortunately, today AUD/CAD occupies less than 1 percent of the total trading turnover.Demand is formed mainly by short-term stock speculators and importers of Australian and Canadian products who are trying to hedge their risks. The quote has four decimal places.Factors influencing the AUDCAD and what it depends onThe AUDCAD currency pair reflects the number of the Canadian currency in the Australian dollar. This instrument of the foreign exchange market is a cross rate to the US dollar. Despite the fact that the US currency does not actually feel AUDCAD in the formation of the exchange rate, but nevertheless, some correlation can be traced. This process is more clearly observed on the charts USD/CAD and AUD/USD:AUD/USD - brown lineUSD/CAD - blue lineAUD/CAD - the central line with a blue fill of the graphCombining both of these graphs into one, it is noticeable how the AUD/CAD graph is drawn. From this observation, it can be concluded that the monitoring of the US currency makes a serious contribution to the creation of correct forecasts for AUD/CAD. Turning to technical issues, it should be recalled that the cross rate is the ratio of 2 currencies, in which there is no American dollar.When working with this tool, a trader needs to monitor the dynamics of several more currency pairs, such as: EUR/USD, GBP/USD and USD/JPY. These three pairs can easily be used as indicators of overbought or oversold AUD/CAD, given that there is a slight delay in the relationship between them.How to trade on the AUDCAD currency pairIf we talk about the nuances of trading on AUDCAD, it is impossible not to mention the actual state of the economies of these states. Canada, in turn, is more dependent on oil and lumber, and Australia – on the price of grain and other foodstuffs. Accordingly, Canada is more correlated with the prices of the Brent brand, and Australia with the prices of premium wheat.Accordingly, when oil rises, AUD CAD should be sold, and when it falls, it should be bought. This strategy works similarly with grain prices.In addition, it is important to remember that Canada primarily considers the United States as its integration partner, and Australia considers the United Kingdom.This is quite an interesting fact, considering that both of these states were dominions of the British Empire in the past.In general, the pair is characterized by corridor movement within the traded levels.Features of the currency pairThe features include full-fledged parity between currencies. These monetary units represent very similar states and are very similar in themselves.The AUD CAD currency pair Since 1998, the price range did not go beyond 0.75-1.10, which allows us to talk about this instrument as a protective one.In situations of uncertainty in the financial market, in particular in North America, an Australian will look better than Canadian and American colleagues. On the other hand, the geographical location makes AUD have more in common with Asia than with traditional developed ...
