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AUD/USD Daily Forecast - 12 February

Saturday, Feb 10 2018
AUD/USD Daily Forecast - 12 February

From Australia, on Friday, Home Loans figures were released, In trend terms, the number of commitments for owner occupied housing finance fell 0.3% in December 2017. In seasonally adjusted terms commitments fell by 2.3%. In trend terms, the number of commitments for the construction of dwellings fell 0.8%, the number of commitments for the purchase of established dwellings fell 0.3% and the number of commitments for the purchase of new dwellings fell 0.1%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 17.9% in December 2017 from 18.0% in November 2017.

Also, from China CPI and PPI data was released. China’s consumer inflation cooled to 1.5 percent in January, in line with economists’ forecasts, official data showed on Friday. The consumer price index (CPI) had been expected to moderate from a 1.8 percent gain in December. The producer price index (PPI) rose 4.3 percent from a year earlier, also cooling from the previous month’s rise of 4.9 percent, the National Bureau of Statistics (NBS) said on its website.  Analysts polled by Reuters had predicted producer inflation would ease to 4.4 percent in January.

 

There will be no major data releases both from Australia and the USA on Monday, so we can expect a bit steadier session. 

More in this category: « EUR/USD Daily Forecast - 09 February GBP/USD Daily Forecast - 12 February »

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