AUD/USD Fundamental Analysis – week of September 12, 2016 – Forecast

By:

Published: Sep 10, 2016, 06:55 GMT+00:00

The AUD/USD dipped on the strength of the US dollar and a bit of disappointing data from China after CPI printed lower than forecast. Although Chinese

AUD/USD Fundamental Analysis – week of September 12, 2016 – Forecast

The AUD/USD dipped on the strength of the US dollar and a bit of disappointing data from China after CPI printed lower than forecast. Although Chinese exports and imports were better than expected. The Aussie is trading 0.7541 and is expected to hold this range this week. After rallying earlier in the week in response to upbeat Chinese trade figures and the Reserve Bank of Australia’s (RBA) decision to leave interest rates on hold, the Australian Dollar (AUD) experienced a fairly dramatic tumble before the weekend.

A rebound in the dollar after Boston Fed President Eric Rosengren said the US central bank increasingly faces risks if it waits much longer to hike rates added to pressure on gold on Friday. Growing speculation that the Fed would stand pat on interest rates after hiking for the first time in nearly a decade in December have helped push gold 26% higher this year.

Expectations for further policy divergence between the US and the Eurozone were dampened after the European Central Bank (ECB) held off signaling a move towards further policy easing at a meeting on Thursday.

FxEmpire provides a wide variety of analysis on a daily, weekly and monthly basis ranging from our exceptional technical analysis as well as our in-depth fundamental analysis along with our daily news and market updates. To get the best understanding of each asset it is important to review the short term daily analysis with the longer term monthly reports. To get email notification when each of these are posted please sign up for our daily newsletter.

This Week’s Economic Events That You Should Be Monitoring:

Date	Country	Name	Volatility	Previous	Consensus
9/13/2016	GBP	Core Consumer Price Index	3	1.3	1.4
9/13/2016	GBP	Consumer Price Index (YoY)	3	0.6	0.7
9/13/2016	EUR	ECB President Draghi’s Speech	3
9/13/2016	EUR	ZEW Survey – Economic	3	4.6	6.7
9/14/2016	NZD	Gross Domestic Product (YoY)	3	2.8
9/15/2016	AUD	Employment Change	3	26.2	15
9/15/2016	AUD	Unemployment Rate	3	5.7	5.7
9/15/2016	CHF	SNB Interest Rate Decision	3	-0.75	-0.75
9/15/2016	CHF	SNB press conference	3
9/15/2016	GBP	BoE Asset Purchase Facility	3	435	435
9/15/2016	GBP	BoE Interest Rate Decision	3	0.25	0.25
9/15/2016	GBP	Monetary Policy Summary	3
9/15/2016	GBP	BOE MPC Vote Cut	3	9	0
9/15/2016	GBP	BOE MPC Vote Unchanged	3	0	9
9/15/2016	GBP	BOE MPC Vote Hike	3	0	0
9/15/2016	GBP	Bank of England Minutes	3
9/15/2016	USD	Retail Sales (MoM)	3	0	0
9/16/2016	USD	Consumer Price Index (YoY)	3	0.8	1
9/16/2016	USD	Consumer Price Index ECORE	3	2.2	2.2
9/16/2016	USD	Michigan Consumer Sentiment	3	89.8	91