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AUD/USD Daily Forecast – 14 September

Wednesday, Sep 13 2017
AUD/USD Daily Forecast – 14 September

From Australia, yesterday, Westpac Consumer Sentiment figures were released.Soaring  power bills and other hits on the household budget mean consumers remain downbeat despite a better jobs outlook, an economist says. The latest Westpac-Melbourne Institute Index of consumer sentiment rose 2.5 per cent in September to 97.9 points, from 95.5 in August, but was 3.5 per cent weaker compared with a year ago.

In the US session PPI data was published. The Producer Price Index for final demand advanced 0.2 percent in August, seasonally adjusted. The index for final demand less foods, energy, and trade services increased 0.2 percent in August following no change in July. For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 1.9 percent.

 

From Australia, tomorrow, job figures will be released. Analysts predict no change in unemployment rate, while number of employed should increase by 17,500. From China, Industrial Production data will be published. Increase by 6.6.is anticipated. In the US session CPI and Unemployment Claims figures will be released. CPI is expected to grow by 0.3%, while Unemployment Claims should rise to 303,000.

 

Figures to watch:

 

Employment Change/Unemployment Rate (Thursday 3:30)

China's Industrial Production (Thursday 4:00)

CPI (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

More in this category: « EUR/USD Daily Forecast – 13 September GBP/USD Daily Forecast – 14 September »

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