Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
AUD: up for a rise?
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF
Another interesting indicator that deserves attention is the Australian Private Capital Expenditure. It is released on a quarterly basis and reflects the total value of new capital expenses made by private enterprises. While not as eloquent in the economic context as the primary indicators, it is a first-hand signal of market changes. “First-hand” here does not only mean the objectivity of this figure, but also the fact that it often comes as an early precursor and an alert of significant economic trends. Logically, private businesses have all there is at stake, they react first if something looms and change their investment plans accordingly. Therefore, if the capital expenditures decline, it reflects a gloomy economic outlook for Australian businesses. On the other hand, if they choose to invest more, it means they are confident that the future holds positive outcomes.
- If the indicator comes higher-than-expected, that will support the AUD;
- If the indicator is lower, the AUD may fall.
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.