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AUD/USD Daily Forecast - 09 January

Thursday, Jan 08 2015

From Australia, Building Approvals figures were released yesterday. The seasonally adjusted estimate for Building approved rose 7.5% in November and has risen for two months. Analysts were forecasting 2.7% decrease. Private sector houses fell 0.3% in November and have fallen for three months, while private sector dwellings excluding houses rose 16.7% and have risen for two months.

In the US session Unemployment Claims data was published. In the week ending January 3, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 4,000 from the previous week's unrevised level of 298,000. Analysts were anticipating decrease to 291,000. The 4-week moving average was 290,500, a decrease of 250 from the previous week's unrevised average of 290,750. 

 

As for tomorrow from Australia Retail Sales figures will be released. Analysts are predicting 0.3% increase. From China CPI and PPI data is scheduled for a release. CPI should increase by 1.5%, while PPI is expected to fall by 3.1%. US session will be marked by NFP figures and Unemployment Rate. NFP report is forecasted to show increase by 241,000, while Unemployment Rate is anticipated to fall to 5.7%.

 

Figures to watch:

 

Retail Sales (Friday 1:30)

Chinese CPI/PPI (Friday 2:30)

Non-Farm Employment Change/Unemployment Rate (Friday 14:30)

More in this category: « EUR/USD Daily Forecast - 08 January GBP/USD Daily Forecast - 09 January »

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