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This Week So Far

Asian stocks drifted Tuesday as risk appetite remained subdued and the earnings season continued. while the dollar and Treasuries were little changed.

S&P 500 Index closed at its highest since January as Berkshire Hathaway Inc. bolstered financial shares and higher oil prices boosted energy producers.

Gold rose 0.2 percent to $1,209.90 an ounce.

Oil prices have been in decline as the media continues to paint a negative picture on the future of the commodity.

House of Fraser's collapse looked imminent as rescue talks led by Sports Direct owner Mike Ashley ended.

Sterling sank against the dollar again last Monday morning after UK Government ministers talked up the prospects of a no deal Brexit.

Week Ahead

Today`s 07/08/2018 ;

Reserve Bank of Australia ( RBA ) Rate Statement , It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.
Watch for clues for the outcome for the decision. a more hawkish talk is positive to the currency.


Reserve Bank of New Zealand ( NZD ), The RBNZ Governor decides where to set the rate after consulting senior bank staff and external advisers. Rate greater than Forecast is good for currency.


PPI ( US ), It's a leading indicator of consumer inflation. Indicate the Change in the price of finished goods and services sold by producers.
High then the forecast is positive for the currency.

CPI ( US ), Change in the price of goods and services purchased by consumers, accounting for a majority of overall inflation.
Actual greater than Forecast is good for currency.

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