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AUD/USD Daily Forecast – 11 January

Thursday, Jan 11 2018
AUD/USD Daily Forecast – 11 January

There were no data releases from Australia yesterday, but from China CPI and PPI figures were published. China’s consumer inflation accelerated to 1.8 percent in December, official data showed on Wednesday. The consumer price index (CPI) had been expected to rise 1.9 percent from a year earlier, compared with an increase of 1.7 percent in November. The producer price index rose 4.9 percent from a year earlier, compared with the previous month’s rise of 5.8 percent, the National Bureau of Statistics (NBS) said on its website. Analysts polled by Reuters had predicted the rise in the PPI to slow to 4.8 percent in December.

In the US session import and export prices data was released. Import prices rose 0.1 percent in December following 0.8-percent advances in 2 of the previous 3 months. The index has not recorded a monthly decline since falling 0.2 percent in July. Prices for U.S imports increased 3.0 percent in 2017, after advancing 1.9 percent the previous year. The advance in 2017 was the largest calendar-year increase since import prices rose 8.5 percent in 2011. Prices for U.S. exports fell 0.1 percent in December, the first monthly decline for the index since a 0.1-percent decrease in June.

 

Tomorrow's session will bring Australian Retail Sales data. Increase by 0.4% is predicted. In the US session Unemployment Claims and PPI figures were released. Analysts predict decline to 246,000 in Unemployment Claims and rise by 0.4% in PPI.

 

Figures to watch:

 

Retail Sales (Thursday 1:30)

Unemployment Claims (Thursday 14:30)

PPI (Thursday 14:30)

More in this category: « EUR/USD Daily Forecast – 10 January GBP/USD Daily Forecast – 11 January »

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