wrapper

AUD/USD Daily Forecast - 05 February

Saturday, Feb 03 2018
AUD/USD Daily Forecast - 05 February

From Australia, on Friday, PPI figures were released. Australian PPI rose 0.6% in the December quarter 2017. The increase was mainly due to rises in the prices received for Petroleum refining and petroleum fuel manufacturing (+11.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.4%). It was partly offset by falls in the prices received for Sugar and confectionery manufacturing (-3.9%), Tobacco product manufacturing (-3.8%) and Sheep, beef cattle and grain farming; and dairy cattle farming (-3.6%). It rose 1.7% through the year to the December quarter 2017.

US session was marked by NFP report. Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.Employment continued to trend up in construction, food services and drinking places,health care, and manufacturing. In January, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents to $26.74, following an 11-cent gain in December.

 

There will be no major data releases from Australia on Monday. In the US session ISM Non-Manufacturing PMI figures will be published. Analysts predict incline to 56.5.

 

Figures to watch:

 

ISM Non-Manufacturing PMI (Monday 16:00)

More in this category: « EUR/USD Daily Forecast - 02 February GBP/USD Daily Forecast - 05 February »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.