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AUD/USD Weekly Forecast – 14 November – 18 November

Saturday, Nov 12 2016
AUD/USD Weekly Forecast – 14 November – 18 November

Events that marked the week:

From China, on Tuesday, Trade Balance data was released. China’s trade surplus expanded in October, data from the General Administration of Customs reported Tuesday. China’s trade surplus rose to 325 billion yuan in October, from 278.4 billion the previous month. Economists forecast the surplus to widen to 300 billion yuan. In US-denominated terms, Beijing’s surplus widened to $49.06 billion from $42 billion in September.

On Wednesday from China CPI and PPI figures were published. China’s factory-gate inflation picked up further last month while consumer prices accelerated, suggesting government efforts to reduce overcapacity have gained some traction and alleviating a source of global disinflationary pressure. Producer-price index rose 1.2 percent in October from a year earlier, compared with a 0.9 percent increase estimated by economists in a Bloomberg survey. Consumer-price index increased 2.1 percent, matching the gain forecast by analysts.

 

This week markets will be looking at:

 

China's Industrial Production (Monday 3:00)

Monetary Policy Meeting Minutes (Monday 1:30)

Wage Price Index (Wednesday 2:30)

Employment Change/Unemployment Rate (Thursday 2:30)

More in this category: « EUR/USD Weekly Forecast – 07 November – 11 November GBP/USD Weekly Forecast – 14 November – 18 November »

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