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AUD/USD Daily Forecast – 11 January

Friday, Jan 08 2016

From Australia, on Friday, Retail Sales data was released. The latest Australian Bureau of Statistics (ABS) Retail Trade figures show that Australian retail turnover rose 0.4% in November 2015 following a rise of 0.6% in October 2015, seasonally adjusted. This was in line with market expectations. There were rises in household goods retailing (0.9 per cent), cafes, restaurants and takeaway food services (1.0 per cent), food retailing (0.2 per cent), clothing, footwear and personal accessory retailing (0.8 per cent) and other retailing (0.4 per cent). There was a fall in department stores (-0.8 per cent).

Focus of the US session was on NFP figures. Total nonfarm payroll employment increased by 292,000 in December. Analysts were anticipating smaller incline by 203,000. Employment rose in several industries, including professional and business services, construction, health care, and food services and drinking places. Mining employment continued to decline. In 2015, payroll employment growth totaled 2.7 million, compared with 3.1 million in 2014. The number of unemployed persons, at 7.9 million, was essentially unchanged in December, and the unemployment rate was 5.0 percent for the third month in a row. This was in line with market forecasts. Over the past 12 months, the unemployment rate and the number of unemployed persons were down by 0.6 percentage point and 800,000, respectively.

 

From Australia, on Monday, ANZ Job Advertisements figures are scheduled for a release. Analysts are hoping for a good reading as an introduction to Thursday's job data. There will be no data releases in the US part of the session.

 

Figures to watch:

 

ANZ Job Advertisements (Monday 1:30)

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