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AUD/USD Daily Forecast – 05 September

Monday, Sep 04 2017
AUD/USD Daily Forecast – 05 September

From Australia, yesterday, Company Operating Profits and ANZ Job Advertisements figures were released.  The trend estimate for inventories rose 0.3% in the June quarter 2017. The seasonally adjusted estimate fell 0.4% this quarter. The trend estimate for Manufacturing sales of goods and services fell 0.2% this quarter. The seasonally adjusted estimate rose 0.9% this quarter. The seasonally adjusted estimate for company gross operating profits fell 4.5% in the June quarter 2017. The seasonally adjusted estimate for wages and salaries rose 1.2% in the June quarter 2017.

ANZ Job Advertisements rose 2.0% m/m in August, the sixth straight rise. Job advertisements currently sit 13.3% higher than a year ago. In trend terms, job ads were up 1.3% m/m in August following a 1.4% rise in the previous month. Annual trend growth picked up slightly, rising from 11.6% in July to 12.5% in August.

 

Focus of tomorrow's session will be on RBA interest rate decision and the following statement, though analysts do not expect any changes. There will be no major data releases in the US part of the session.

 

Figures to watch:

 

Cash Rate/RBA Statement (Tuesday 3:30)

More in this category: « EUR/USD Daily Forecast – 01 September GBP/USD Daily Forecast – 05 September »

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