Big day for fundamentals
Some of the highlights on the economic calendar:
- RBA minutes
- China retail sales
- China industrial production
- German GDP
- French CPI
- UK jobs
- ZEW survey
- US retail sales
What are your trade ideas?
UBS says its two best ideas are to buy AUDUSD and sell USDCHF - Two mean reverting trades. Drivers are AU employment, short-term risk revival, commodities & ToT, CHF positioning.