Australian data showed general weakness in its economic data and the Chinese service sector performed worse than economists predicted. Despite economic weakness, this Australian Dollar advanced as forex traders focus on this week’s meeting between the US and China, where chances for a trade deal are essentially zero with high hopes for a surprise. How will this impact the AUDUSD? Subscribe to the PaxForex Daily Fundamental Analysis where you can grow your balance trade-by-trade.

The NFIB Small Business Optimism Index as well as the IBD/TIPP Economic Optimism Index will be awaited as forex traders seek more clarity on the confidence in the US economy. The NFP report was mediocre with plenty of regional reports flashing recession signals. What impact will the PPI report have on price action in the AUDUSD? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this currency pair.