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AUD/USD Daily Forecast - 27 June

Tuesday, Jun 26 2018
AUD/USD Daily Forecast - 27 June

There were no data releases from Australia yesterday. Meanwhile, the RBA for July 3rd is expected to leave its cash rate at 1.5%. It recently reinforced its dovish credentials, so the hawkish position of the Fed should be supportive of lower levels in the absence of sustained risk on rallies in sentiment.

In the US session Consumer Confidence figures were released. The Conference Board Consumer Confidence Index decreased in June, following an increase in May. The Index now stands at 126.4 (1985=100), down from 128.8 in May. The Present Situation Index was relatively flat, 161.1 versus 161.2 last month, while the Expectations Index declined from 107.2 last month to 103.2 this month. "Consumer confidence declined in June after improving in May," said Lynn Franco, Director of Economic Indicators at The Conference Board.

There will be no major data releases from Australia tomorrow. In the US session Durable Goods Orders figures will be published. Analysts predict decline by 0.9%.

Figures to watch:

Durable Goods Orders (Wednesday 13:30)

More in this category: « EUR/USD Daily Forecast - 26 June GBP/USD Daily Forecast - 27 June »

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