AUD/USD Daily Forecast – 15 August

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Tuesday, Aug 15 2017

AUD/USD Daily Forecast – 15 August

There were no major data releases from Australia yesterday, but from China Industrial Production figures missed were released. Confirming the credit impulse peak is passed (June's surprise beats), China's July macro-economic data is ugly. Retail Sales, Industrial Production, and Fixed Asset Investment all fell and missed notably. For now the reaction is absolutely nothing.

July’s industrial production rose 6.4% according to official figures. That was well below both the 7.1% gain expected and June’s 7.6% rise. Retail sales also missed, but only just. They rose by an annualized 10.4%, when investors had hoped to see a 10.8% rise after June’s 11%. It’s tempting to suggest that those forecast misses will come to matter less than the clear deceleration seen for both series.

Tomorrow's session will bring RBA Meeting Minutes. In the US session Retail Sales data will be published. Incline by 0.4% is anticipated.

Figures to watch:

Monetary Policy Meeting Minutes (Tuesday 3:30)

Retail Sales (Tuesday 14:30)

More in this category: « EUR/USD Daily Forecast – 11 August GBP/USD Daily Forecast – 15 August »

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