A shift in the interest rate differential in favour of the US as the Fed remains on its path to hike rates should see the long term trend in the $A remain down.
While the US election is out of the way event risks could still cause short term volatility in share markets with policy uncertainty remaining high in the US.
In the US, August retail sales will be a focus, while in Australia business conditions and confidence surveys to remain around the levels seen in July.
US focus on August job data, Eurozone economic confidence readings released and Chinese manufacturing conditions PMIs for August will be watched closely.
Not many Australian’s would argue with the notion that we live in the best country in the world, while conceding that we take our environment and freedoms for granted.
Shares remain vulnerable to a pull back as short term investor sentiment towards them is very bullish. However, we see share markets trending higher over the next 12 months
Shares remain vulnerable to a short term pull back as sentiment towards them remains very high. However, we see share markets trending higher over the next 12 months.