AUD/USD Fundamental Analysis April 11, 2014 Forecast

Analysis and Recommendation:

The AUD/USD added 13 points to break over the 94 level trading at 0.9402 after a strong employment release this morning. The Aussie unemployment rate fell to 5.8% a much larger fall than expected. The nation also created a lot more new jobs that forecast. Australia’s dollar reached a more than four-month high versus the greenback after the government reported unemployment unexpectedly fell for the first time since September.

The Aussie gained for a third day against its U.S. peer after today’s data followed reports yesterday showing home loans rose at the fastest pace in five months and consumer confidence rebounded. Australia’s unemployment rate fell to 5.8 percent in March, the lowest since November. Australian employers added 18,100 jobs in the month, compared with a median estimate of a 2,500 gain in a Bloomberg News economist survey.

China’s exports declined 6.6 percent from a year earlier, the customs administration said in Beijing today, compared with the median estimate for a 4.8 percent increase in a Bloomberg News survey of 47 economists. Imports fell 11.3 percent, leaving a trade surplus of $7.71 billion.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data April 10, 2014 actual v. forecast

 

Upcoming Economic Events that affect the AUD, NZD, JPY and USD

Government Bond Auction

Date Time Country 

Apr 11 09:10 Italy

Apr 14 09:30 Germany

Apr 15 09:30 Belgium

Apr 15 14:30 UK

Apr 16 09:03 Sweden

Apr 16 09:30 Germany

Apr 17 09:00 Slovakia

Apr 17 15:00 US

Apr 17 15:30 Italy

Apr 17 17:00 US