AUD/USD Weekly Analysis (week of 08-12/06)

United States Money Supply is projected to out perform last figure with 0.6% while it previously stood at -3.3%, data will be released tomorrow at 12:30 PM.

Weekly Summary

After starting the session at 0.693991 AUD/USD spiked to 0.7061 only to drop back to starting point range and close at 0.6843

Data for Australia CFTC was released Friday 7:30 PM suggests a downwards trend with -40.8K, while previous data was -40.5K Data for Australia Loans was released Wednesday 1:30 AM suggests a downwards trend with -4.4%, while previous data was -1.0% Data for Australia Westpac Consumer Sentiment was released Wednesday 12:30 AM suggests a downwards trend with 6.3%, while previous data was 16.4%

Australia Employment Change is projected to out perform last figure with -125.0K while it previously stood at -594.3K, data will be released Thursday 1:30 AM. Australia Retail Sales is scheduled for Friday 1:30 AM.

Jun. 12, 2020

AUD/USD is trading around 0.6859 after starting the session at 0.6843(up 0.23%)

(20:00)

After starting the session at 0.6843 AUD/USD spiked to 0.6914 only to drop back to starting point range and close at 0.6859

New data for United States Producer Price Index was released Thursday 12:30 PM comes out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -1.3%. United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K. New data for United States Michigan Consumer Sentiment (Jun) was released today at 2:00 PM comes out at 78.9, beating projections of 75.0 and showing improvement over the preceding figure of 72.3. New data for United States Michigan Consumer Expectations (Jun) was released today at 2:00 PM comes out at 73.1, beating projections of 70.0 and showing improvement over the preceding figure of 65.9. Data for United States Industrial Production was released today at 5:00 PM suggests a downwards trend with 199, while previous data was 206

Jun. 11, 2020

AUD/USD is trading around 0.6841 after starting the session at 0.6997 (down -2.23%)

(23:00)

AUD/USD remains in the 0.6841 range after starting the session at 0.6997 and dropping 155 pips

Data for Australia Loans was released Wednesday 1:30 AM suggests a downwards trend with -4.4%, while previous data was -1.0% Data for Australia Westpac Consumer Sentiment was released Wednesday 12:30 AM suggests a downwards trend with 6.3%, while previous data was 16.4%

United States Money Supply is projected to out perform last figure with 0.6% while it previously stood at -3.3%, data will be released tomorrow at 12:30 PM. United States Michigan Consumer Expectations (Jun) is projected to out perform last figure with 70.0 while it previously stood at 65.9, data will be released tomorrow at 2:00 PM. Things might be looking up as United States Michigan Consumer Sentiment (Jun) is projected to out perform last figure with 75.0 while it previously stood at 72.3, data will be released tomorrow at 2:00 PM.

Jun. 10, 2020

AUD/USD is trading around 0.6985 after starting the session at 0.6955(up 0.43%)

(23:00)

After starting the session at 0.6955 AUD/USD spiked to 0.7006, dropped back to starting point range, and rallied again to close at 0.6985

Data for Australia Loans was released today at 1:30 AM suggests a downwards trend with -4.4%, while previous data was -1.0% Data for Australia Westpac Consumer Sentiment was released today at 12:30 AM suggests a downwards trend with 6.3%, while previous data was 16.4%

United States Producer Price Index is projected to out perform last figure with 0.1% while it previously stood at -1.3%, data will be released tomorrow at 12:30 PM. According to projections United States Money Supply are set for a continuation of decline with 1,550K while previous data was 1,877K, data will be released tomorrow at 12:30 PM. United States Department of Agriculture is scheduled for tomorrow at 4:00 PM.


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Jun. 9, 2020

AUD/USD is trading around 0.6954 after starting the session at 0.7016 (down -0.88%)

(22:00)

AUD/USD slides down from 0.7016 to 0.6954, taking a 61 pips loss (-0.88%)

Australia Business Confidence released today at 1:30 AM with a figure of -20, this is better from previous number of -46 Data for United States JOLTs Job Openings (Apr) was released today at 2:00 PM is better than expected with 5.046M, but worse than previous figure of 6.011M. Australia ANZ Job Advertisements (MoM) released today at 1:30 AM with a figure of 0.5%, this is better from previous number of -53.4%

Australia Loans is scheduled for tomorrow at 1:30 AM. Australia Westpac Consumer Sentiment is scheduled for tomorrow at 12:30 AM.

Jun. 8, 2020

After 5 months hiatus, AUD/USD is back at 0.7031 levels

(21:00)

After starting the session at 0.6941 AUD/USD spiked to 0.7031, dropped back to starting point range, and rallied again to close at 0.7019

United States Current Account Balance released today at 5:00 PM with a figure of 0.280%, this is better from previous number of 0.230% United States CB Employment Trends Index (May) released today at 2:00 PM with a figure of 46.28, this is better from previous number of 42.53

Australia Business Confidence is scheduled for tomorrow at 1:30 AM. Projections for United States JOLTs Job Openings (Apr) are set for a continuation of decline with 5.000M while previous data was 6.191M, data will be released tomorrow at 2:00 PM. Australia ANZ Job Advertisements (MoM) is scheduled for tomorrow at 1:30 AM.

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