Daily Asia-London Sessions Watchlist: AUD/CAD

 This textbook trend in AUD/CAD is one to watch as we roll into the latest monetary policy statement from the Reserve Bank of Australia later in the Asia session.

Before moving on, ICYMI, today’s Daily U.S. Session Watchlist looked at a downtrend setup in USD/CAD, so be sure to check that out to see if there is still a potential play!

Intermarket Update:

Equity Markets Bond Yields Commodities & Crypto

DAX: 15570.36 +0.33%

FTSE: 7016.63 +0.29%

S&P 500: 4400.64 -0.02%

NASDAQ: 14762.58 +0.70% US 10-YR: 1.233% -0.001

Bund 10-YR: -0.454% -0.007

UK 10-YR: 0.56% +0.00

JPN 10-YR: 0.014% -0.005 Oil: 72.22 +0.79%

Gold: 1,808.6 +0.489%

Bitcoin: $40,253.75 6.34%

Ethereum: $2,304.78 +2.91%

Fresh Market Headlines & Economic Data:

Dow falls into the red in final hour of trading, down more than 50 points after losing early gain

U.S. manufacturing sector growth slowing-ISM

July PMI ticks up to record high, but supply delays and price pressures also hit new peaks

Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline

Eurozone Manufacturing growth remained strong in July despite slight loss of momentum

German manufacturing continues to regain momentum in July

German retail sales jump, consumers shop less online

Resource and staff shortages constrain growth and drive up costs at U.K. manufacturers in July

Britain’s COVID-19 cases down by 33% over past week

Swiss consumer price index grew 0.7% y/y in July

Bitcoin slips below $40K amid concerns over U.S. Infrastructure Bill

PBOC says it will keep high pressure on crypto trading

Copper claws higher on softer dollar, hopes for China stimulus

ASEAN manufacturing sector sinks further into

downturn amid rising COVID-19 cases

Upcoming Potential Catalysts on the Economic Calendar

Tokyo CPI at 11:30 pm GMT

Australia Home Loans, Building Permits at 1:30 am GMT (Aug. 3)

RBA Interest Rate Decision at 4:30 am GMT (Aug. 3)

Spain Unemployment Change at 7:00 am GMT (Aug. 3)

Euro area at PPI at 9:00 am GMT (Aug. 3)

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