Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian Westpac Leading Index: The Westpac Leading Index showed a contraction of 0.3% in March monthly. This came as a slight disappointment and can be compared to the downward revised increase of 0.1% reported in February.
- Australian Skilled Vacancies: The skilled labor market slowed down in Australia in March with a monthly increase of 0.4%.A slight positive was the upward revision for February which now shows a monthly increase of 0.8%. Despite the slowdown reported in March the skilled labor market has performed well over the past two months.
- Australian Consumer Prices: The biggest market moving economic report for today’s trading session came out of Australia with the release of its consumer prices index for the first-quarter of 2015. The CPI showed a quarterly increase of 0.2% and an annualized increase of 1.3%. Economists expected a quarterly increase of 0.1% and an annualized increase of 1.3%. This can be compared to the fourth-quarter’s quarterly increase of 0.2% and annualized increase of 1.7%. The RBA Trimmed Mean CPI rose 0.6% in the first-quarter of 2015 quarterly and 2.3% annualized. Expectations called for a quarterly increase of 0.6% and for an annualized increase of 2.2% which would have matched the fourth-quarter data in 2014. The RBA Weighted CPI rose 0.6% in the first-quarter of 2015 quarterly and 2.4% annualized. Economists expected a quarterly increase of 0.5% and an annualized increase of 2.3% which forex traders can compare to the quarterly increase of 0.7% reported in the fourth-quarter of 2014 and the upward revised annualized increase of 2.4%.
Here is the key factor to keep in mind today for Japanese Yen trades:
- Japanese Merchandise Trade Surplus: The Japanese economy reported a merchandise trade surplus of ¥229.3 billion in March. This beat estimates for a merchandise trade surplus of ¥44.6 billion and forex traders can compare this to February’s downward revised trade deficit of ¥425.0 billion. Annualized merchandise trade exports were reported at 8.5, matching expectations and above the upward revised figure of 2.5 reported in February. Annualized merchandise imports came in at -14.5, worse than the -12.6 expected by economists and far bigger than the -3.6 reported in February.
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.