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AUD/USD Daily Forecast – 25 December

Thursday, Dec 24 2015

Yesterday, from Australia, only minor importance CB Leading Index data was released. The Conference Board LEI for Australia declined slightly in October, with large negative contributions from the sales to inventories ratio component and rural goods exports more than offsetting the positive contribution from share prices. With the 0.1 percent decrease in October, The Conference Board LEI for Australia now stands at 102.5 (2010=100). Based on revised data, this index declined 0.3 percent in September and declined 0.6 percent in August. During the six-month period through October, the leading economic index decreased 1.3 percent, and four of the seven components increased (diffusion index, six-month span equals 57.1 percent).

In the US session Unemployment Claims figures were released. In the week ending December 19, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 5,000 from the previous week's revised level. Analysts were anticipating decline to 270,000. The previous week's level was revised up by 1,000 from 271,000 to 272,000. The 4-week moving average was 272,500, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 270,500 to 270,750. 

 

As for tomorrow, we can expect less volatile session since it is Christmas, banks will be closed and there will be no data releases. 

More in this category: « EUR/USD Daily Forecast – 24 December GBP/USD Daily Forecast – 25 December »

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