AUD News

Australia posted a seasonally adjusted merchandise trade deficit of A$1.322 billion in March, the Australian Bureau of Statistics said on Tuesday - gaining 18 percent on month.

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New home sales in Australia climbed notably to reach its highest level in four years in March, results of a survey by the Housing Industry Association showed Wednesday.

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Australian consumer confidence spiked in May, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday - climbing 6.4 percent to a score of 102.4.

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The value of construction work done in Australia slipped a seasonally adjusted 2.4 percent on quarter in the first quarter or 2015, the Australian Bureau of Statistics said on Wednesday - coming in at A$48.397 billion.

Value of construction work done, Chain Volume Measures - Trend estimates:

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2015-05-28 02:30 GMT (or 04:30 MQ MT5 time) | [AUD - Private Capital Expenditure]

• past data is -1.7%
• forecast data is -2.3%
• actual data is -4.4% according to the latest press release

if actual > forecast (or previous data) = good for currency (for AUD in our case)

[AUD - Private Capital Expenditure] = Change in the total inflation-adjusted value of new capital expenditures made by private businesses. It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.

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• The trend volume estimate for total new capital expenditure fell 2.3% in the March quarter 2015 while the seasonally adjusted estimate fell 4.4%.
• The trend volume estimate for buildings and structures fell 3.7% in the March quarter 2015 while the seasonally adjusted estimate fell 6.5%.
• The trend volume estimate for equipment, plant and machinery rose 0.7% in the March quarter 2015 while the seasonally adjusted estimate fell 0.5%.

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AUDUSD M5: 81 pips price movement by AUD - Private Capital Expenditure news event:

2015-05-28 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]

• past data is 275K
• forecast data is 271K
• actual data is 282K according to the latest press release

if actual < forecast (or previous data) = good for currency (for USD in our case)

[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

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"In the week ending May 23, the advance figure for seasonally adjusted initial claimswas 282,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 274,000 to 275,000. The 4-week moving average was 271,500, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 266,250 to 266,500."

"The advance seasonally adjusted insured unemployment ratewas 1.7 percent for the week ending May 16, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemploymentduring the week ending May 16 was 2,222,000, an increase of 11,000 from the previous week's unrevised level of 2,211,000. The 4-week moving average was 2,221,250, a decrease of 8,500 from the previous week's unrevised average of 2,229,750. This is the lowest level for this average since November 25, 2000 when it was 2,211,250."

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AUDUSD M5: 25 pips range price movement by USD - Unemployment Claims news event :

Australia posted a seasonally adjusted current account deficit of A$10.741 billion in the first quarter of 2014, the Australian Bureau of Statistics said on Tuesday - down 5.0 percent from the previous three months.

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2015-06-02 05:30 GMT (or 07:30 MQ MT5 time) | [AUD - Cash Rate]

• past data is 2.00%
• forecast data is 2.00%
• actual data is 2.00% according to the latest press release

if actual > forecast (or previous data) = good for currency (for AUD in our case)

[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries. Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

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"The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are continuing to ease policy. Hence, global financial conditions remain very accommodative. Despite some increases in bond yields recently, long-term borrowing rates for sovereigns and creditworthy private borrowers remain remarkably low."

"Having eased monetary policy last month, the Board today judged that leaving the cash rate unchanged was appropriate at this meeting. Information on economic and financial conditions to be received over the period ahead will inform the Board's assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target."

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AUDUSD M5: 84 pips price movement by AUD - Cash Rate news event:

Australia posted a merchandise trade deficit of A$3.888 billion in April, the Australian Bureau of Statistics said on Thursday - or down 216 percent from the previous month.

AUDUSD M5: 63 pips price movement by AUD - Trade Balance news event :

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The total number of new home loans is Australia issued in May was up a seasonally adjusted 1.0 percent on month, the Australian Bureau of Statistics said on Tuesday, standing at 53,951.

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