Stalemate for Aussie-Dollar bulls and bears .
A good end to the trading week, AUD/USD is up to 0.7106, after closing yesterday at zero. Overall, a 0% move or 7,106 pips this week. (Start trading Aussie-Dollar at FXTM today).
Nevertheless, data for United States Pending Home Sales published today at 15:00 UTC came out at 2.5%, beating projections of -0.9% and showing improvement over the preceding figure of -2.6%.
At the same time, Australia Consumer Price Index came out at 1.9, while a consensus of analysts was expecting 1.6. Australia CFTC AUD speculative net positions released today at 20:30 UTC with a figure of -33,200, while the previous figure was -33,600. United States Core PCE Price Index (MoM) (Dec) came out at 0.3, while a consensus of analysts was expecting 0.3. Australia Producer Price Index published today at 00:30 UTC came out at 0.7, falling short of the 1.7 projections and continuing its decline from the previous 1.9 figure.
Also worthy of note, projections for Australia Retail Sales are set for a continuation of decline with -1% while previous data was 1.4%; data will be released Tuesday.
Furthermore, the market is looking at Australia AIG Manufacturing Index (Dec) scheduled to come out Tuesday. Australia Building Approvals (MoM) (Dec) is expected Thursday.