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Thread: AUD USD

  1. #311
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    Australian Dollar slip in Asia session China GDP,retail & industrial data to watch.

    The Australian dollar trended weaker in Asia on Friday with China growth, retail sales and industrial production ahead expected to set the tone.

    AUD/USD traded at 0.7556, down 0.07% with China the top trade destination for key commodities from Australia, while USD/JPY changed hands at 115.08, up 0.19%.

    In China, GDP data for the fourth quarter of 2016 and the full-year is due with a 6.7% annual pace seen and a 1.7% increase quarter-on-quarter. As well China reports industrial production with a rise of 6.1% seen year-on-year for December and retail sales up 10.7% year-on-year, a tick down from 10.8% the previous month.

    Overnight, the dollar held onto gains against the other majors currencies on Thursday, helped by upbeat U.S. data, although investors remained cautious ahead Donald Trump’s inauguration on Friday.

    European Central Bank President Mario Draghi acknowledged that the growth outlook for the euro area has improved, but reiterated that quantitative easing can be increased if the outlook becomes less favorable.

    The comments came after the ECB left its benchmark interest rate unchanged at a record-low 0.0%, in line with forecasts, and kept the size of its monthly quantitative easing program at approximately €80 billion.

    In the U.S., the Department of Labor said initial jobless claims in the week ending January 14 fell by 15,000 to 234,000. Analysts expected jobless claims to rise by 5,000 to 254,000 last week.




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  2. #312
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    AUDUSD Technical Levels - 06.02.2017
    Technically, AUDUSD next immediate support below at 0.7644, 0.7633 and 0.7577 levels.
    Upside resistance above at 0.7700, 0.7718 and 0.7755 levels.
    Trend overall looking slightly bullish at the moment.

  3. #313
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    Will Australian Wage Price Index be 0.5%

    Australia wage price index rose in the last quarter official data showed on Wednesday.

    In a report of Australian Bureau of statistics said that Australian wage price index rose to a seasonally adjusted 0.5% from 0.4% in the preceding quarter.

    Australian wage price index to rise to 0.5% in the last Quarter.


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  4. #314
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    Aussie hold weaker after NAB servey

    The Aussie traded held weaker on Tuesday in Asia after a survey on business with investors also looking ahead to China data sets on retail sales and industrial output.

    AUD/USD traded at 0.7550, down 0.28% after the NAB figures. USD/JPY changed hands at 114.85, down 0.03%. GBP/USD traded at 1.2205, down 0.11%.

    In Australia, NAB reported business confidence for February came in a plus-7, compared with a previous reading of plus-10, along with the NAB business survey at plus-9, compared with a previous reading of plus-16.

    China then reports fixed asset investment for January with an 8.2% gain expected year-on-year, industrial production seen up 6.2% and retail sales with an expected 10.5% increase.

    Global financial markets will be busy with central bank meetings in the week ahead, with policy decisions due in the U.S., Japan, the U.K and Switzerland.

    Investors were awaiting the outcome of the Fed’s two-day policy meeting on Wednesday, with a rate hike almost fully priced in by markets.

    Investors will also keep an eye out for headlines coming out of a two-day meeting of G20 central bankers and finance ministers in Germany for further hints on the strength of the global economy and the future direction of monetary policy.

    Overnight, the pound was one the biggest gainers against the greenback, after Scottish First Minister Nicola Surgeon announced in a speech Monday, the Scottish Government will move to hold a second referendum on independence from the United Kingdom.


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  5. #315
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    AUDUSD Technical Levels - 21.03.2017
    AUDUSD trading above 0.7707. Currently, the pair has pared some of the losses and is trading at 0.7710.
    Technically, AUDUSD next immediate support below at 0.7705, 0.7603 and 0.7556 levels. Upside immediate resistance above at 0.7740, 0.7778 and 0.7800 levels.
    Trend overall looking slightly bearish at the moment.

  6. #316
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    Australian data overview: retail sales and the RBA's Statement on Monetary Policy:

    The pulse of AUD data has been an improvement of late, but that theme is now tired. The RBA was less vocal around the strength of the Aussie recently, with respect to a lack of jawboning that markets had been prepared for. However, with what was to come today, markets were quickly looking ahead again. We have the data released today at 01:30 GMT.
    Awaited for RBA Statement on Monetary Policy is released with the Bank’s updated growth and inflation projections likely to be scrutinized in light of the sharp appreciation in the AUD. "The Bank’s statement earlier this week hinted at a possible downgrade, noting that it expects growth “around 3%” versus “a little above 3%” back in May. June retail sales are scheduled too, consensus +0.2%".

 

 
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