LTG GoldRock Reviews the Week Ahead: December 2nd 2013

There is likely only one piece of news the market will want to wait for this week and that is the US jobs report on Friday. Yes there are other news items marked "High" but nothing is higher than the US Non Farm Payrolls number. 

Interest rate movements are critically important to the direction of any currency and the world is watching to see if US interest rates continue to steadily move higher. I personally am tipping another interest rate cut for Australia in February or March unless the Aussie Dollar is 0.85c to the US. The weaker Aussie currency will more than likely ensure interest rates are kept on hold when the RBA meets for the last time on Tuesday however the economic data supports another rate cut in my view early in the New Year. 

But Friday's jobs number in the US is the one to watch and if 200,000 jobs or more were created last month then the Aussie Dollar will more than likely finish the week back at the lows of 2013.

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