AUD/USD Fundamental Forecast – September 13, 2016

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Published: Sep 12, 2016, 04:39 GMT+00:00

The AUD/USD caved in on Friday and continued its decline on Monday as the greenback rallied after Federal Reserve speakers upped the possibility of a

AUD/USD Fundamental Forecast – September 13, 2016

The AUD/USD caved in on Friday and continued its decline on Monday as the greenback rallied after Federal Reserve speakers upped the possibility of a September rate increase. The Aussie is trading at 0.7532 down over 1.5% for the two days. The market’s focus is on whether the U.S. Federal Reserve will raise interest rates soon, and also on whether the Bank of Japan will add to its aggressive monetary stimulus. Both central banks hold policy meetings on Sept. 20-21.

With a lack of important economic data or events scheduled in Asia, Europe or the US on Monday, speculation over what the Fed may do next will continue to dominate movements in the Aussie, and asset markets in general.

After rallying earlier in the week in response to upbeat Chinese trade figures and the Reserve Bank of Australia’s decision to leave interest rates on hold, the Australian Dollar experienced a fairly dramatic tumble before the weekend.

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Upcoming Economic Events that you should be monitoring:

September 13, 2016

CNY	FDI – Foreign Direct Investment (YTD) Y	2	4.3
AUD	RBA Assistant Governor Kent Speech	2
CNY	Retail Sales Y	2	10.2	10.3
CNY	Industrial Production Y	2	6	6.1
EUR	Wholesale Price Index M	2	0.2
EUR	Wholesale Price Index Y	2	-1.4
EUR	Consumer Price Index Y	2	0.4	0.4
EUR	Index of Consumer Prices M	2	-0.1	-0.1
EUR	Index of Consumer Prices Y	2	0.3	0.3
EUR	Consumer Price Index M	2	0.1	0
GBP	Producer Price Index – Input M	2	3.3	0.5
GBP	Producer Price Index – Input Y	2	4.3	8.1
GBP	PPI Core Output Y	2	1	1.3
GBP	Producer Price Index – Output M	2	0.3	0.3
GBP	Producer Price Index – Output Y	2	0.3	1.1
GBP	PPI Core Output M	2	0.4	0.2
GBP	Consumer Price Index M	2	-0.1	0.4
GBP	Consumer Price Index Y	3	0.6	0.7
GBP	Core Consumer Price Index Y	3	1.3	1.4
EUR	ECB President Draghi’s Speech	3
EUR	ZEW Survey – Economic Sentiment	3	4.6	6.7
EUR	ZEW Survey – Current Situation	2	57.6	56
EUR	ZEW Survey – Economic Sentiment	2	0.5	2.5
USD	10-Year Note Auction	2	1.503
USD	Monthly Budget Statement	2	-113

Government Bond Auctions

Date Time Country Auction

Sep 13 11:00 Netherlands Eur 2-3bn 0% Jan 2022 DSL

Sep 13 11:10 Italy Holds bond auction

Sep 14 11:05 Norway Holds bond auction

Sep 14 11:30 UK 0.125% 2046 I/L Gilt

Sep 14 11:30 Germany Eur 1bn 2.5% Jul 2044 Bund

Sep 15 10:30 Spain Holds bond auction

Sep 15 11:03 Sweden Holds I/L bond auction

Sep 15 11:50 France Holds bond auction

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