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AUD/USD Daily Forecast – 19 December

Monday, Dec 18 2017
AUD/USD Daily Forecast – 19 December

From Australia, yesterday, New Motor Vehicle Sales figures were released. The November 2017 trend estimate  for new motor vehicle sales (98,690) decreased by 0.3% when compared with October 2017. On a seasonally adjusted basis prices rose by 0.1%. When comparing national trend estimates for November 2017 with October 2017, sales for Other vehicles increased by 0.4%. By contrast, Passenger vehicles and Sports utility vehicles decreased by 0.8% and 0.4% respectively. The largest downward movement across all states and territories, on a trend basis, was in the Northern Territory (-2.5%).

From China, house prices figures were released. Authorities have been particularly focused on curbing lending for speculation in the housing market in a broad effort to defuse financial risks from a rapid build-up in debt. Average new home prices in China’s 70 major cities rose 0.3 percent in November from the previous month, in line with October’s price gains, Reuters calculated from National Bureau of Statistics (NBS) data out on Monday. The majority of the 70 cities surveyed by the NBS still reported a monthly price increase for new homes. Fifty cities reported higher prices in November, unchanged from October, indicating broad strength in markets nationwide.

 

From Australia, tomorrow, Monetary Policy Meeting Minutes were released. In the US session Building Permits and Housing Starts figures will be published. Analysts predict small decline.

 

Figures to watch:

 

Monetary Policy Meeting Minutes (Tuesday 1:30)

Building Permits/Housing Starts (Tuesday 14:30)

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

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