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AUD/USD Daily Forecast - 30 January

Thursday, Jan 29 2015

Yesterday's session brought Import Prices data from Australia. The Import Price Index rose 0.9% in the December quarter 2014. Analysts were anticipating bigger increase by 1.5%. Over the quarter, depreciation in the value of the Australian dollar had a considerable upward impact on the prices paid for all of Australia’s major imported products.

US session was marked by Unemployment Claims figures. In the week ending January 24, the advance figure for seasonally adjusted initial claims was 265,000, a decrease of 43,000 from the previous week's revised level. Analysts were forecasting smaller decrease to 301,000. This is the lowest level for initial claims since April 15, 2000 when it was 259,000.

 

Focus of the morning part of the session will be on Australian PPI data. Analysts are forecasting 0.3% rise. In the US session GDP, Chicago PMI and Revised Consumer Confidence figures will be released. GDP is expected to incline by 3.0% in the fourth quarter. Analysts anticipate fall to 57.7 in Chicago PMI, while Revised Consumer Confidence data should show bigger increase to 98,5, points.

 

Figures to watch:

 

PPI (Friday 1:30)

Advance GDP (Friday 14:30)

Chicago PMI (Friday 15:45)

Revised UoM Consumer Sentiment (Friday 15:55)

More in this category: « EUR/USD Daily Forecast - 29 January GBP/USD Daily Forecast - 30 January »

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