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AUD/USD Daily Forecast – 13 September

Tuesday, Sep 12 2017
AUD/USD Daily Forecast – 13 September

From Australia, yesterday, NAB Business Confidence figures were released. The latest monthly business survey by NAB shows that Australian business conditions are holding up well at recent record highs.That’s the good news, because data for August  revealed a sharp fall in business confidence, following consistent gains in that sub-index over recent months. Despite that, overall business conditions ticked higher to +15 from a reading of +14 in July, to currently sit well above their long-term average and at the highest level since early 2008.

In the U.S. session JOLTS job openings figures were published. The number of job openings was little changed at 6.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.5 million and 5.3 million, respectively. Within separations, the quits rate and the layoffs and discharges rate were little changed at 2.2 percent and 1.2 percent, respectively. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

 

There will be no major data releases from Australia tomorrow. In the US session PPI figures are scheduled for a release. Analysts expect increase by 0.3%.

 

Figures to watch:

 

PPI (Wednesday 14:30)

More in this category: « EUR/USD Daily Forecast – 12 September GBP/USD Daily Forecast – 13 September »

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