Written By : ForexAbode.com || Friday, 08 August 2014 21:36 GMT

AUD/USD Fundamental Analysis & Economic Strength Meter - August 9, 2014

The AUD/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. AUD/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from Australia and the U.S., which may affect the relative strength of the Australian dollar versus U.S. dollar.

AUD/USD - Recent economic releases

Australia

AUD: TD Securities Inflation (YoY): 2.6% against the previous 3.0%.
AUD: AiG Performance of Services Index: 49.3 against the previous 47.6.
AUD: Trade Balance: AUD -1,683 million, positive as compared to the consensus (-1,900 million) as well as the previous -2,043 million.
AUD: Interest rate was kept same at 2.5%.
AUD: Employment: Seasonally adjusted unemployment rate increased unexpectedly from 6.0% to 6.4%. The seasonally adjusted change in employment was -300 and negative as compared to the consensus (12,000) as well as the previous 14,900. 
AUD: Home Loans: 0.2%, though much less than the expected 0.5% but better than the previous -0.1%.

U.S.A.

USD: Markit PMI (Services and Composite): The services PMI was 60.8 and negative as compared to the consensus (61.0) as well as the previous 61.0. Composite PMI also dropped from 61.0 to 60.6.
USD: Factory orders (MoM): 1.1%, quite positive as compared to the consensus (0.6%) as well as the previous -0.6%.
USD: ISM Non-Manufacturing PMI: 58.7, positive as compared to the consensus (56.3) as well as the previous 56.0.
USD: Trade Balance: USD -41.54 billion, positive as compared to the consensus (-44.70 billion) as well as the previous -44.66 billion US dollars.
USD: Initial Jobless Claims: 289K, positive as compared to the consensus (305K) as well as the previous 303K.
USD: Consumer Credit Change: USD 17.26 billion, negative as compared to the consensus (18.55 billion) as well as the previous 19.64 billion.
USD: Nonfarm Productivity (Q2 - preliminary): 2.5%, quite positive as compared to the consensus (1.5%) as well as the previous -4.5%.

AUD/USD Economic Strength Meter ©

AUD/USD fundamental outlook - Economic strength meter - August 9, 2014.
AUD/USD fundamental outlook based of recent economic releases AUD/USD fundamental outlook based on the relative strength of the economic releases.

Go back to AUD/USD Forecast.
Go to USD/JPY Daily Analysis.
Visit Forex Fundamental Analysis page.

Aussie-US Dollar Interest Rate Comparison
(For Carry Trade)
Australian dollar
2.50%
U.S. Dollar
0.25%
AUD/USD interest rate comparison
2.25%

 

Convert Australian Dollar to US Dollar

Forex Trading Alerts subscription


Name:
Email:
Confirm Email:
7+6

We will send email alerts as soon as the Forex analysis is updated.
Request you to check the Junk (spam mail) folder immediately in case Google group mail is not received in Inbox.

Enter Forexabode Blog

Enter Forex Abode Community

Forex Rates