wrapper

AUD/USD Weekly Forecast - 05 February - 09 February

Saturday, Feb 03 2018
AUD/USD Weekly Forecast - 05 February - 09 February

Events that marked the week:

Wednesday's session was marked by Australian CPI figures. Australian CPI rose 0.6% this quarter, compared with a rise of 0.6% in the September quarter 2017. It rose 1.9% over the twelve months to the December quarter 2017, compared with a rise of 1.8% over the twelve months to the September quarter 2017. The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%). The most significant offsetting price falls this quarter are international holiday travel and accommodation (-1.7%), audio visual and computing equipment (-3.5%), and telecommunication equipment and services (-1.4%).

Thursday's session was marked by Australian Building Approvals figures. In seasonally adjusted terms, dwelling approvals decreased by 20.0 per cent in December, driven by a fall in private dwellings excluding houses (39.2 per cent), while private house approvals rose 1.0 per cent. The value of total building approved fell 0.3 per cent in December, in trend terms, after rising for 11 months. The value of residential building fell 0.2 per cent while non-residential building fell 0.4 per cent.

 

From Australia, on Friday, PPI figures were released. Australian PPI rose 0.6% in the December quarter 2017. The increase was mainly due to rises in the prices received for Petroleum refining and petroleum fuel manufacturing (+11.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.4%). It was partly offset by falls in the prices received for Sugar and confectionery manufacturing (-3.9%), Tobacco product manufacturing (-3.8%) and Sheep, beef cattle and grain farming; and dairy cattle farming (-3.6%). It rose 1.7% through the year to the December quarter 2017.

 

This week markets will be looking at:

 

Retail Sales (Tuesday 1:30)

Trade Balance (Tuesday 1:30)

Cash Rate/RBA Statement (Tuesday 4:30)

China's  Trade Balance (Thursday)

China CPI/PPI (Friday 2:30)

Last modified on Saturday, 03 February 2018
More in this category: « EUR/USD Weekly Forecast - 05 February - 09 February AUD/USD Weekly Forecast - 12 February - 16 February »

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.