Written By : ForexAbode.com || Sunday, 17 August 2014 04:48 GMT

AUD/USD Fundamental Analysis & Economic Strength Meter - August 17, 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

Economic Fundamentals from Australia

AUD: House Price Index (Q2): Year-over-year change was 10.1% against the previous 10.9%. The quarter-over-quarter change was 1.8% and positive as compared to the consensus (1.1%) as well as the previous 1.5%.
AUD: National Australia Bank's Business Confidence: 11 against the previous 8.
AUD: Westpac Consumer Confidence: 3.8% against the previous 1.9%. The consumer confidence index came out to be 98.5 against the previous 94.9.
AUD: Consumer Inflation Expectation (July): 3.1% against the previous month's 3.8%.

Economic Fundamentals from the U.S.A

USD: Monthly Budget Statement: USD -95 billion and though better than the expected -96 billion but quite poor as compared to the previous 71 billion US dollars.
USD: Retail Sales (MoM - July): 0.0%, negative as compared to the consensus as well as the previous 0.2%. Same with the retail sales ex-autos which was 0.1% against the previous month's 0.4%.
USD: Jobless Claims: Initial claims were 311K against the previous 290K. The continuing jobless claims also rose to 2.544 million from 2.519 million.
USD: Producer Price Index (YoY in July): 1.7%, negative as compared to the consensus (1.8%) as well as the previous 1.9%.
USD: Net TIC (Treasury International Capital) Flows: Total net TIC flows were USD -153.5 billion against the previous 33.1 billion. The net long term flows were USD -18.7 billion and hence quite less than the previous 18.6 billion.
USD: Industrial Production (MoM in June): 0.4%, better than the expected 0.3% but was same as the previous.
USD: Reuters/Michigan Consumer Sentiment Index (preliminary - August): 79.2, negative as compared to the consensus (82.5) as well as the previous 81.8.

AUD/USD Economic Strength Meter ©

AUD/USD fundamental outlook - Economic strength meter - August 17, 2014.
AUD/USD fundamental outlook based of recent economic releases AUD/USD fundamental outlook based on the relative strength of the economic releases.

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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%

 

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