RBA Interest Rate Decision :It measures interest rates on money market deposits during overnight trading. Interest rate decisions often affect markets. The Reserve Bank of Australia sets interest rates on lending to financial institutions. The interest rate affects all rates placed by commercial banks and other financial institutions on their customers' deposits. It also affects the prices of financial assets such as bonds, equities and exchange rates. Which is reflected on consumers and the rate of demand in the business sector.
I expect AUD/USD will UP after that news.
PMI Construction :Measures the level of activity of purchasing managers in the construction sector. Indicates how well the construction sector in Britain has improved. Traders closely monitor these types of surveys. PMIs often reflect corporate performance data. Therefore, it is a leading indicator of economic performance in general. This indicator will conduct a survey of about 170 managers of procurement.
I expect GBP/USD will UP after that news.
Producer Price Index :The change in the prices of final goods and services provided by producers for commodities at all stages of processing measures raw materials, intermediates and finished goods. Its effect appears to be weak, because Germany and France, which account for about half of the EU economy, export this indicator early.
I expect EUR/USD will UP after that news.
Markit Manufacturing PMI :The level of PMI activity in the manufacturing sector is measured by conducting a survey of procurement managers in the sector. The issuer issued the index in June 2011. A leading index to measure the health of the economy, as investors react quickly to market conditions, and procurement managers have a clearer and clearer view of the company's economic position.
I expect USD/CAD will DOWN after that news.
Factory Orders :The change in the total value of new orders is measured by manufacturers on a monthly basis. Factory orders represent the dollar level of new orders for both durable and non-durable goods. This report provides more comprehensive information than the Durable Goods report released two weeks prior to this report. M3, M3 and M3 also provide monthly statistics on the economic conditions of the domestic manufacturing sector. The survey also measures current industrial activity.
I expect USD/JPY will UP after that news.
Retail Sales s.a.:The monthly change in the total value of retail sales is measured by store bills that sell durable and non-durable goods. It is a key measure of consumer spending, which accounts for the majority of economic activity in general. And affects the stock and bond markets. For equity markets, strong economic growth is reflected in improved corporate profits and higher equity prices. As for bonds, attention is drawn to whether economic growth is improving to the point of inflation. There is often a break in the economy towards strong growth and inflationary growth.
AUD/USD WILL UP
RBA should keep rates unchanged, with a prospect of an increase coming soon, removing the accommodative economic policy. Can we have a surprise and a raise now? It may happen, but it is most likely to remain unchanged. The only issue that still bothers the RBA is the devaluation of real estate and the cooling of the construction sector and this has kept rates low, a scenario of improvement and rates are rising again. Technically we are in a zone of resistance and that would help a possible spike to keep up at the time of the news.
PMI Construction - since 2014 this index has been falling. However, we have reached a point of certain consolidation and resistance between 50 and 52. I believe in an improvement in the numbers, since UK has presented good results in the area of construction and this should put the bulls to a certain advantage.
Producer Price Index - Inflation is the economic data monitored closely by the ECB so that the economic policy accommodating the interest rate is normalized. But I still do not see a strong inflation in the EURO zone, consumption has been falling and this reflects in the price. We should stay below expectations and the bears will attack.
Markit Manufacturing PMI - an economic data with little impact on parity. Therefore, the technical analysis must prevail. It is important to stress that we will have the NYSE open at that time and this impacts the USD and given that the Dow Jones Index is rising, the dollar should weaken and in this regard the CAD should appreciate in the first 10 minutes of the news.