AUDUSD flirting with 2-month lows

AUDUSD Forecast April 17-21 Data | Chart | Calendar | Forecast | News

AUDUSD Forecast April 17-21

BUZ INVESTORS AUDUSD Forecast April 17-21    AUDUSD posted modest gains last week, as the pair closed at 0.7572. This week’s key event is the RBA Monetary Policy Meeting Minutes

BUZ INVESTORS AUDUSD Forecast April 17-21    AUDUSD posted modest gains last week, as the pair closed at 0.7572. This week’s key event is the RBA Monetary Policy Meeting MinutesHere is an outlook on the major market-movers and an updated technical analysis for AUDUSD.

AUDUSD Forecast April 17-21

  1. Chinese GDP: Monday, 2:00. Chinese key indicators can have a strong impact on the Australian dollar. Chinese GDP edged up to 6.8% in Q1, above the estimate of 6.7%. No change is expected in the Q2 report.
  2. Chinese Industrial Production: Monday, 2:00. The indicator improved to 6.3% in February, beating the estimate of 6.2%. This marked the indicator’s strongest gain in five months. The estimate for the March report stands at 6.2%.
  3. Monetary Policy Meeting Minutes: Tuesday, 1:30. The RBA will release the minutes of its March meeting, where the RBA held rates at 1.50%. The markets will be combing through the minutes, looking for clues as to future monetary policy.
  4. CB Leading Index: Tuesday, 14:30. The indicator rebounded in January with a gain of 0.4%. Will the indicator post another gain in February?
  5. MI Leading Index: Wednesday, 00:30. This index has been losing ground, and came in at -0.1% in February. This marked its first decline since June 2016.
  6. New Motor Vehicle Sales: Wednesday, 1:30. This event is an important gauge of consumer spending. In February, the indicator dropped 2.7%, its sharpest decline since October 2015.
  7. NAB Quarterly Business Confidence: Thursday, 1:30. Business confidence is linked to spending and hiring, so the indicator should be treated as a market-mover. The indicator unchanged at 5 points in Q1, indicative of optimism in the business sector.
READ  German consumer price index rose less than expected in March

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