On Friday the Aussie could strengthen despite the pressure from the commodity markets.
The iron ore descended to a mark of $58 per ton, but all the major non-ferrous metals continued to rise or consolidate. The Brent oil added 2.6% on Friday.
Today, the services index from AIG showed a drop from 53.9 to 45.0 in August. In the structure of the index, the business services showed the largest drop in (46.1), the hotel industry and catering (43.2) and logistics (32.9), which tells us about the real sector.
Tomorrow, Australia will publish the balance of payments for the 2nd quarter. The forecast is -20.2 billion. against -20.8 billion . The Reserve Bank of Australia will also publish a decision on interest rates. It is expected that the current rate 1.5% won’t be changed.
How to trade binary
We would buy call options if the Aussie rises above 0.7610. We would buy put options if the pair AUD/USD falls below 0.7565.
Expiry time: 20:00 GMT