-
Macro and Prices
Next week, there are three big events: the US jobs report, the Reserve Bank of Australia meeting, and the Bank of England's meeting. That said, the final PMI readings may be more helpful this time than we often see because of how quickly it appears activity has stalled. After we review the likely highlights and share a few other observations, we will look at the technical condition of the major dollar pairs. On August 3 in Sydney, the Reserve Bank of Australia will likely deliver its third consecutive 50 bp hike. The market has abandoned any thought of a 75 bp move and finished last week with a nearly 75% chance of a ... (full story)