wrapper

AUD/USD Daily Forecast – 12 September

Monday, Sep 11 2017
AUD/USD Daily Forecast – 12 September

There were no data releases from Australia yesterday, but over the weekend China's CPI and PPI figures were published. China's consumer inflation rose to a seven-month high, as falls in food prices softened, dragging less on the overall index, official data showed Saturday. China's consumer-price index increased 1.8% in August from a year earlier, compared with a 1.4% gain in July, the National Bureau of Statistics said. Food prices edged down 0.2% on year, after dropping 1.1% in July. Nonfood prices grew 2.3% on year, compared with 2.0% on-year growth in July.

The key inflation reading outpaced a 1.6% gain forecast by economists polled by The Wall Street Journal. Policy makers in Beijing hope to keep inflation under about 3% this year. On a month-over-month basis, the CPI rose 0.4% in August from a month earlier. In July, the index edged up 0.1% from the previous month. The producer-price index climbed 6.3% in August compared with a 5.5% on-year increase in July. The reading for factory-gate prices came in faster than a median forecast for a 5.7% increase by the economists.

 

Tomorrow, from the Australia, NAB Business Confidence will be released. Analysts expect another good reading. There will be no major data releases from the USA.

 

Figures to watch:

 

NAB Business Confidence (Tuesday 3:30)

More in this category: « EUR/USD Daily Forecast – 11 September GBP/USD Daily Forecast – 12 September »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.