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AUD/USD Daily Forecast – 19 September

Monday, Sep 18 2017
AUD/USD Daily Forecast – 19 September

Yesterday, from Australia, only New Motor Vehicle Sales figures were released. The August 2017 trend estimate (100,809) increased by 0.3% when compared with July 2017, while on a seasonally adjusted basis there as no change. When comparing national trend estimates for August 2017 with July 2017, sales for Sports utility vehicles and Other vehicles increased by 0.8% and 0.7% respectively. By contrast, Passenger vehicles decreased by 0.4%.

The largest upward movement across all states and territories, on a trend basis, was in the Northern Territory (0.9%), continuing an upward trend that began in January 2017. The largest downward movement across all states and territories, on a trend basis, was in Tasmania (-0.6%).

 

Tomorrow's session will be marked by RBA Monetary Policy Meeting Minutes. Also, HPI figures will be published, with 1.3% increase being anticipated. In the US session Building Permits and Housing Starts data will be released. Analysts do not expect significant change.

 

Figures to watch:

 

Monetary Policy Meeting Minutes (Tuesday 3:30)

HPI (Tuesday 3:30)

Building Permits/Housing Starts (Tuesday 14:30)

More in this category: « EUR/USD Daily Forecast – 18 September GBP/USD Daily Forecast – 19 September »

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