wrapper

AUD/USD Weekly Forecast - 5 March - 9 March

Saturday, Mar 03 2018
AUD/USD Weekly Forecast - 5 March - 9 March

Events that marked the week:

There were no data releases from Australia initially in the week, but from China PMI figures were released.  China reported that its official manufacturing Purchasing Managers' Index hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, lower than a Reuters' poll of 51.2, China's National Bureau of Statistics reported. The official manufacturing PMI reading was 51.3 in January. Chinese statistics bureau official Zhao Qinghe said in a report that manufacturing in February was hit by slowing production and demand as Lunar New Year fell in mid-February this year. Official services PMI meanwhile fell to 54.4 in February from 55.3 in January.

Thursday brought Private Capital Expenditure figures. The trend volume estimate for total new capital expenditure rose by 0.8% in the December quarter 2017 while the seasonally adjusted estimate fell by 0.2%. The trend volume estimate for buildings and structures fell by 0.2% in the December quarter 2017 while the seasonally adjusted estimate fell by 2.1%. The trend volume estimate for equipment, plant and machinery rose by 2.1% in the December quarter 2017 while the seasonally adjusted estimate rose by 2.2%.

 

This week markets will be looking at:

 

Building Approvals (Monday 1:30)

Current Account (Tuesday 1:30)

Retail Sales (Tuesday 1:30)

Cash Rate/RBA Rate Statement (Tuesday 4:30)

GDP (Wednesday 1:30)

Trade Balance (Thursday 1:30)

China CPI/PPI (Friday 2:30)

Last modified on Saturday, 03 March 2018
More in this category: « EUR/USD Weekly Forecast - 26 February - 2 March GBP/USD Weekly Forecast - 5 March - 9 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.