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AUD/USD Daily Forecast – 08 April

Thursday, Apr 07 2016

Yesterday, from Australia, only minor importance, construction index data was released. The national construction industry contracted at a slightly steeper pace in March, with the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index declining by 0.9 points to a 13-month low of 45.2. Ai Group Head of Policy, Peter Burn, said: "The national construction sector slipped further in March with weakness in house building and engineering construction overwhelming small advances in the apartment building and commercial sub-sectors."

In the US session Unemployment Claims figures were released. In the week ending April 2, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 9,000 from the previous week's unrevised level of 276,000. This marks 57 consecutive weeks of initial claims below 300,000, the longest streak since 1973. The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending March 26, unchanged from the previous week's unrevised rate.

 

There will be no major data releases both from Australia and the USA tomorrow, so we can expect a bit steadier session.  

More in this category: « EUR/USD Daily Forecast – 07 April GBP/USD Daily Forecast – 08 April »

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