AUD/USD Fundamental Forecast – September 9, 2016

The AUD/USD added 6 points against a weakening US dollar. Higher exports and imports in China helped keep the markets stable while Australia’s trade balance printed better than expected at -.2410 billion AUD. China customs published their latest report on the Chinese trade, showing that the country’s trade surplus missed expectations, while both exports and imports came in much stronger-than expectations in yuan terms.

China saw a jump in imports of 1.5% and a small decrease in exports of -.2.5% against forecasts of -4.0%.

Attention today will be on Mario Draghi’s press conference after the ECB rate meeting.

RBA Deputy Governor Philip Lowe, who will become the new Governor on Sept 12, replacing Stevens, is crossing the wires, in a speech at a conference on global financial cycles and systemic risk, noting that Australia needs to move beyond a focus on credit only.

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.

Upcoming Economic Events that you should be monitoring:

 September 9, 2016

Government Bond Auctions

Date Time Country Auction

Sep 08 11:00 Ireland Holds bond auction

Sep 08 17:20 Italy Announces details of bond auction