wrapper

AUD/USD Daily Forecast - 31 March

Wednesday, Mar 30 2016

There were no data releases from Australia yesterday. On Tuesday, the Aussie surged to its highest level in nearly a week as investors scaled back expectations for how fast and far U.S. interest rates might rise this year after Fed Chair Janet Yellen emphasized the need to proceed “cautiously” on tightening policy. Underpinning the Australian Dollar were attractive bond yields with Australia’s two-year bonds paying 1.9%. Tracking a jump in U.S. Treasuries, Australian government bond futures rose, with the three-year bond contract five ticks higher at 98.08.

In the US session ADP Employment Change figures were released. Private sector employment increased by 200,000 jobs from February to March according to the March ADP National Employment Report. Increase by 193,000. "The Trade, Transportation and Utilities sector had its best month of employment gains since last June,” said Ahu Yildirmaz, VP and head of the ADP Research Institute. “Steady employment growth and accelerating wage growth in the workforce appear to be benefitting the Trade segment in particular.”

 

There will be no data releases from Australia tomorrow. In the US session Unemployment Claims and Chicago PMI figures will be published. Analysts forecast increase to 266,00 in Unemployment Claims and incline to 50.5 in Chicago PMI.

 

Figures to watch:

 

Unemployment Claims (Thursday 13:30)

Chicago PMI (Thursday 14:45)

More in this category: « EUR/USD Daily Forecast - 30 March GBP/USD Daily Forecast - 31 March »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.