AUD/USD Fundamental Analysis – November 17, 2015 – Forecast

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Published: Nov 16, 2015, 05:02 UTC

Analysis and Recommendation: The AUD/USD declined 15 points to trade at 0.7115 heading lower after the US dollar gained 30 points as traders moved to safe

AUD/USD Fundamental Analysis – November 17, 2015 – Forecast

Analysis and Recommendation:

The AUD/USD declined 15 points to trade at 0.7115 heading lower after the US dollar gained 30 points as traders moved to safe havens after the terrorist attacks in Paris. U.S. stock futures fell on Sunday, indicating a lower open for blue chip stocks in the wake of the terrorist attacks that left more than 100 people dead in Paris. In the wake of the Paris terrorist attacks that occurred late on Friday evening, the Australian dollar, like other risk assets, is under modest pressure in early Asian trade.

As France initiated a new bombing campaign in Syria in retaliation against ISIS, the perpetrators of the assault, markets appeared to weaken as investors absorbed the geopolitical implications.

Australia’s ASX 200 also suffered losses, falling by more than a percent in early dealings, suggesting that Asia’s major markets might also tumble in the wake of the terror assaults. Analysts said that investors are likely to pull back from risk-sensitive assets, which is typical in an environment where geopolitical tensions are high. On Sunday, France bombed an ISIS stronghold in Syria, in retaliation for the attacks for which the terror group claimed responsibility.

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.

Today’s economic releases:

Cur.	Imp.	Event	Actual	Forecast	Previous
NZD		Core Retail Sales (QoQ)	1.0%	1.4%	0.0%
NZD		Retail Sales (QoQ) (Q3)	1.6%	1.3%	0.1%
JPY		GDP (YoY) (Q3)	-0.8%	-0.2%	-1.2%
JPY		GDP (QoQ) (Q3)	-0.2%	-0.1%	-0.3%

Upcoming Economic Events that you should be monitoring:

Tuesday, November 17, 2015

Cur.	Event	Actual	Forecast	Previous
GBP	CPI (MoM) (Oct)		0.1%	-0.1%
GBP	CPI (YoY) (Oct)		-0.1%	-0.1%
GBP	PPI Input (MoM) (Oct)		0.2%	0.6%
EUR	German ZEW Current Conditions		55.5	55.2
EUR	German ZEW Economic Sentiment		6.0	1.9
USD	Core CPI (YoY) (Oct)		1.9%	1.9%
USD	Core CPI (MoM) (Oct)		0.2%	0.2%
USD	CPI (MoM) (Oct)		0.2%	-0.2%
USD	Industrial Production (MoM) (Oct)		0.1%	-0.2%