Australian GDP main event on the economic calendar
It’s pretty obvious that the RBA is plotting a very steady course when it comes to interest rates so today’s GDP number shouldn’t really have any lasting impact. Nevertheless, short-term positions will get spooked as usual so we may see some volatility.
I’m still running a long AUD position against the GBP but with a fairly tight strategy stop above 1.8750.
The HSBC China services PMI is also set for release. Here’s the full economic calendar.