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AUD/USD Daily Forecast – 09 June

Thursday, Jun 08 2017
AUD/USD Daily Forecast – 09 June

Yesterday's session was marked by Trade Balance figures. In trend terms, the balance on goods and services was a surplus of $3,224m in April 2017, a decrease of $70m (2%) on the surplus in March 2017. In seasonally adjusted terms, the balance on goods and services was a surplus of $555m in April 2017, a decrease of $2,614m (82%) on the surplus in March 2017. In seasonally adjusted terms, goods and services credits fell $2,784m (8%) to $30,590m.

In the US session Unemployment Claims figures will be published. In the week ending June 3, the advance figure for seasonally adjusted initial claims was 245,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from

248,000 to 255,000. The 4-week moving average was 242,000, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 1,750 from 238,000 to 239,750.

There will be no major data releases from Australia tomorrow, but from China CPI and PPI figures will be published. Analysts predict 1.5% increase in CPI and decrease to 5.7% in PPI. There will be no major data release from the USA.

 

Figures to watch:

 

China's CPI/PPI (Friday 3:00)

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