Fundamental Analysis of AUD/USD for March 29, 2018
March 30, 2018 5:21 am
AUD/USD has been quite indecisive today having impulsive bearish momentum off the 0.7750 recently. The pair has been quite volatile and corrective at the edge of 0.7750 area for a while now but the impulsive bearish pressure was not as strong as expected. Today AUD Private Sector Credit Report was published with an increase to 0.4% from the previous value of 0.2% which was expected to be at 0.3%. Ahead of the good Friday tomorrow, the certain positive economic report did help AUD to gain momentum against the impulsive bearish momentum in the pair recently. On the other hand, today Core PCE Price Index report was published with decrease to 0.2% as expected from the previous value of 0.3%, Personal Spending report was published unchanged as expected at 0.2%, Unemployment Claims report decreased to 215k from the previous figure of 229k which was expected to be at 230k, Personal Income report was published unchanged as expected at 0.4% and Chicago PMI report showed decrease to 57.4 from the previous figure of 61.9 which was expected to increase to 62.1. Moreover, today Revised UoM Consumer Sentiment report was published at 101.4 decreasing from the previous figure of 102.0 which was expected to 101.9 and Revised UoM Inflation Expectations report was published with a slight decrease to 2.8% from the previous value of 2.9%. As of the current scenario, consolidation in this pair is expected to continue further whereas certain correction below 0.7750 is expected in the coming days but USD is expected to have an upper hand in the coming days over AUD.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/USD has been quite indecisive today having impulsive bearish momentum off the 0.7750 recently. The pair has been quite volatile and corrective at the edge of 0.7750 area for a while now but the impulsive bearish pressure was not as strong as expected. Today AUD Private Sector Credit Report was published with an increase to 0.4% from the previous value of 0.2% which was expected to be at 0.3%. Ahead of the good Friday tomorrow, the certain positive economic report did help AUD to gain momentum against the impulsive bearish momentum in the pair recently. On the other hand, today Core PCE Price Index report was published with decrease to 0.2% as expected from the previous value of 0.3%, Personal Spending report was published unchanged as expected at 0.2%, Unemployment Claims report decreased to 215k from the previous figure of 229k which was expected to be at 230k, Personal Income report was published unchanged as expected at 0.4% and Chicago PMI report showed decrease to 57.4 from the previous figure of 61.9 which was expected to increase to 62.1. Moreover, today Revised UoM Consumer Sentiment report was published at 101.4 decreasing from the previous figure of 102.0 which was expected to 101.9 and Revised UoM Inflation Expectations report was published with a slight decrease to 2.8% from the previous value of 2.9%. As of the current scenario, consolidation in this pair is expected to continue further whereas certain correction below 0.7750 is expected in the coming days but USD is expected to have an upper hand in the coming days over AUD.
The material has been provided by InstaForex Company – www.instaforex.com
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