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AUD/USD Outlook: 2017, May 28 - June 04

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by , 05-29-2017 at 01:37 PM (988 Views)
      
   
AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales.

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  1. Building Approvals: Tuesday, 1:30. The markets are expecting a strong rebound in the April report, with a forecast of +3.2%.
  2. Private Sector Credit: Wednesday, 1:30. The estimate for the upcoming release is 0.4%.
  3. AIG Manufacturing Index: Wednesday, 23:30.
  4. Private Capital Expenditure: Thursday, 1:30. The indicator is expected to improve in Q1, with an estimate of 0.3%.
  5. Retail Sales: Thursday, 1:30. The markets are expecting better news in the March report, with a gain of 0.3%.
  6. Commodity Sales: Thursday, 6:30.
  7. HIA New Home Sales: Friday, 1:00. This indicator provides a snapshot of the strength of the housing market. The indicator has not posted a gain above 0.2% this year.


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