The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.
Traders need to watch Australian GDP
The Australian dollar has strongly depreciated in the recent months. The Reserve Bank of Australian doesn’t aim at a soon rate hike. It means that the AUD needs a support from other sources. As positive economic data always supports a currency, better GDP figures will lead to the rise of the AUD.
GDP is the broadest measure of a country’s economic health. Australian economic growth declined to 0.4% in the fourth quarter of 2017 from 0.7% in the previous quarter. It was the weakest growth rate since a contraction in the third quarter of 2016.
The economic data will be out at 4:30 MT time on June 6.
• If the data are greater than the forecast, the Australian dollar will appreciate.
• If the data are weaker than the forecast, the Australian dollar will go down.
The United States will release the headline and core retail sales at 15:30 MT on November 15.
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.