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AUD/USD Daily Forecast - 3 July

Monday, Jul 02 2018
AUD/USD Daily Forecast - 3 July

From Australia, yesterday, ANZ Job Advertisements figures were released. ANZ Australian Job Advertisements fell 1.7% in June, reversing the 1.4% gain recorded last month. This was the fourth monthly decline in six months of data released for 2018, though these falls do follow the very strong rise in January. On an annual basis, growth slowed from 11.5% in May to 6.9% in June.

In the US session ISM Manufacturing PMI figures were released. A measure of U.S. manufacturing activity surged in June likely as steel and aluminum tariffs caused disruptions to the supply chains, resulting in factories taking longer to deliver goods. The Institute for Supply Management (ISM) said on Monday its index of national factory activity jumped to a reading of 60.2 last month from 58.7 in May. A reading above 50 in the ISM index indicates an expansion in manufacturing, which accounts for about 12 percent of the U.S. economy.

Tomorrow’s session will be marked by RBA interest rate decision though analysts do not predict any changes. There will be no major data releases in the US part of the session.

Figures to watch:

RBA Rate Statement/Cash Rate (Tuesday 5:30)

More in this category: « EUR/USD Daily Forecast - 2 July GBP/USD Daily Forecast - 3 July »

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