wrapper

AUD/USD Weekly Forecast – 23 January – 27 Janaury

Saturday, Jan 21 2017
AUD/USD Weekly Forecast – 23 January – 27 Janaury

Events that marked the week:

Focus of the Thursday's session was on Australian job figures. Australian employment increased 8,200 to 11,966,800 in trend trms. Unemployment increased 3,200 to 725,700. Unemployment rate remained steady at 5.7%. Participation rate remained steady at 64.6%. Monthly hours worked in all jobs increased 2.3 million hours to 1,669.1 million hours. In seasonally adjusted terms employment increased 13,500 to 11,985,900. Full-time employment increased 9,300 to 8,176,500 and part-time employment increased 4,200 to 3,809,500.

Unemployment increased 14,700 to 741,100. The number of unemployed persons looking for full-time work increased 15,000 to 528,900 and the number of unemployed persons only looking for part-time work decreased 300 to 212,200. Unemployment rate increased 0.1 pts to 5.8%. Participation rate increased 0.1 pts to 64.7%.Monthly hours worked in all jobs increased 6.9 million hours to 1,670.4 million hours.

 

There were no major data releases from Australia on Friday, but from China GDP figures were published. China’s economy expanded at a slightly faster pace in the fourth quarter, backed by government spending and cheap credit, giving Beijing some breathing room heading into what is expected to be a volatile 2017. The National Bureau of Statistics said gross domestic product (GDP) expanded at an annualized 6.8% in the fourth quarter, up slightly from 6.7% in the previous three quarters and well within the government’s target range of 6.5% to 7%. Analysts in a median estimate forecast annual growth of 6.7% in October-December. Compared to the third quarter, GDP grew 1.7%, official data showed.

 

This week markets will be looking at:

 

CPI (Tuesday 1:30)

More in this category: « EUR/USD Weekly Forecast – 02 January – 06 Janaury GBP/USD Weekly Forecast – 23 January – 27 Janaury »

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.