RBA Holds, with Focus Shifting to Stats out of Germany and the EUR

Daily Update - 7th August 2018

Yesterday’s Market

Since there no clear direction since absence of important data from Global Arena, market reacted completely based on the Geo-Political Tensions.

 

Today’s Market

•             AUD RBA Interest Rate Decision & Rate Statement

•             EUR Germany Industrial Production & Trade Balance

•             USD Consumer Credit Change

 

Today’s Focus

It will be another mid-tier data day with nt major impact being created for these Data mentioned above.

By Dawn of Tuesday we will receive the AUD Interest Rate Decision & Rate Statement which will give us a clear understanding on the current Economic Outlook of Australia.

Two more reports will be released from Germany on Industrial Production & Trade Balance which will give us an insight on their current Manufacturing sector growth.

To conclude the day US will release their Credit Change reports.