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AUD/USD Daily Forecast – 27 June

Monday, Jun 26 2017
AUD/USD Daily Forecast – 27 June

There were no data releases from the Australia yesterday. Australia and several other economies that escaped the worst of the global financial crisis are now threatened by their massive run-up in household debt, the Bank for International Settlements has warned. The BIS is the Swiss-based central bank of central bankers and one of the few institutions that warned of the risk of a global financial crisis a couple of years before it happened. In an uncharacteristically optimistic annual report, the BIS was generally upbeat about prospects for the global economy in the short term.

In the US session Durable Goods Orders figures were published. Orders for non-military capital goods excluding aircraft fell 0.2% (est. 0.4% gain) after 0.2% increase in prior month. Shipments of those goods, which are used to calculate gross domestic product, fell 0.2% after 0.1% gain. Bookings for all durable goods fell 1.1% (est. 0.6% drop) following 0.9% decline; excluding transportation-equipment demand, which is volatile, orders rose 0.1% (est. 0.4% gain).

 

There will be no major data releases from Australia tomorrow. In the US session CB Conumer Confidence figures will be published. Analysts anticipate decrease to 116.1.

 

Figures to watch:

 

CB Consumer Confidence (Tuesday 16:00)

More in this category: « EUR/USD Daily Forecast – 26 June GBP/USD Daily Forecast – 27 June »

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