wrapper

AUD/USD Weekly Forecast – 27 March – 31 March

Saturday, Mar 25 2017
AUD/USD Weekly Forecast – 27 March – 31 March

Events that marked the week:

On Tuesday, Australian house prices figures were released. The price index for residential properties for the weighted average of the eight capital cities rose 4.1% in the December quarter 2016. The index rose 7.7% through the year to the December quarter 2016. The capital city residential property price indexes rose in Melbourne (+5.3%), Sydney (+5.2%), Brisbane (+2.2%), Adelaide (+1.8%), Canberra (+2.8%), Hobart (+4.5%) and Perth (0.3%), and fell in Darwin (-1.5%).

There were no data releases from Australia in rest of the week. Danske Bank Research notes that AUD/USD has reversed the move after the US elections which pushed the pair as low as below 0.72 around year-end. In that regard, Danske recognizes the support for AUD from improved global economic conditions and rising commodity prices, but still thinks that the RBA wants to limit the upside in AUD and is ready to soften its tone in case the exchange rate appreciates excessively. In addition, Danske sees relative monetary policies supporting USD versus AUD this year.

 

There will be no major data releases from Australia next week.

More in this category: « EUR/USD Weekly Forecast – 13 March – 17 March GBP/USD Weekly Forecast – 27 March – 31 March »

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.