Economic Calendar | Check out the AUD and the CNY!

We are gearing up for the end of the week today, but that is not stopping any changes in the forex market! Stay with us as we delve deeper into the economic calendar to find out just what might be waiting for us later today. News from the east seem to be positive for the yuan, as the producer price index is expected to rise slightly, while both the Year over Year and Manager of Managers consumer price index also seems to be helping the Chinese currency. When taking into account these important indicators from the economic calendar, we can conclude that the yuan might experience a slightly bullish Thursday. In the west, the USD is expected to have a slight rise as well, as the Philadelphia Fed Manufacturing Survey, detailing manufacturing conditions in the country, may very well experience a rise, while the Conference Board Leading indicators, which measure future trends of overall economic activity, appear to be at the same levels. Based on these trends, the U.S. dollar might experience a slight rise in value. Lastly, let us talk about the Australian dollar. It appears that the unemployment rate in Australia will remain largely unchanged, whereas the employment change will favor consumer spending and participation rates within the labor-force appear to be on the rise. If we consider these indicators, we can only surmise that the AUD will see a positive, bullish Thursday.

Economic Calendar | How to profit from these events?

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Author: Max Rothstein

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