Market stalemate leaves the Australian dollar hovering around 0.6677 .
A good end to the trading week, AUD/USD is up to 0.6677, after closing yesterday at zero. Overall, a 0% move or 6,677 pips this week. (Start trading the Australian dollar at FXTM today).
Nevertheless, United States Pending Home Sales released yesterday at 15:00 UTC is better than expected at -1.5% but down from preceding data of 1% according to new data. Highly important Initial Jobless Claims data from United States beat analyst expectations of 220,000 with a reading of 218,000.
Meanwhile, United States ISM Manufacturing Prices (Nov) released today at 15:00 UTC with a figure of 49.9, while the previous figure was 45.1. United States ISM Manufacturing PMI (Nov) came out at 46.7, while a consensus of analysts was expecting 47.6. United States Core PCE Price Index (YoY) (Oct) came out at 3.5.
The market is looking forward to the release of new data: Australia Interest Rate is expected Tuesday. Australia Building Approvals (MoM) will be released Thursday. Australia Company Gross Operating Profits (QoQ) (Q3) scheduled to come out Monday.