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AUD/USD Monthly Fundamental Forecast For June 2015

Outlook and Recommendation For AUD/USD in June 2015

The AUD/USD closed the month on a weak note in the 07650 price level. After cutting rates to a record low of 2% in May, the RBA is expected to keep the cash rate steady in June. The RBA has an easing bias, reflecting its forecast profile, where the average underlying inflation rate over 2016 is expected to be slightly below the midpoint of the target range, and supported by recent comments by the Deputy Governor who said that “we still have scope to lower rates if we need to”.

The latest US data supported the notion that the Federal Reserve may consider the US economy too fragile for a hike any time soon in interest rates; it has been nearly a decade since the Fed last raised rates. Higher rates would crimp bond prices, which move inversely to their yields.

ForexTraq provides in-depth analysis for each currency and commodity we review in trading forex. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information for AUD/USD in our weekly reports and we provide daily updates and outlooks.

AUDUSD(4 Hours)20150601062449

Upcoming Economic Events that you should be monitoring:

Cur. Event

Actual

Forecast

Previous

 

Monday, June 1, 2015

    CNY Manufacturing PMI

50.2

50.2

50.1

    CNY HSBC Manufacturing

49.2

49.2

49.1

    USD ISM Manufacturing PMI

 

52.0

51.5

Tuesday, June 2, 2015

    AUD RBA Rate Statement

 

    EUR German Unemployment

 

-10K

-8K

    GBP Construction PMI (May)

 

55.0

54.2

    EUR CPI (YoY) (May)

 

0.2%

0.0%

Wednesday, June 3, 2015

    AUD GDP (YoY) (Q1)

 

2.0%

2.5%

    GBP Services PMI (May)

 

59.2

59.5

    USD ADP Nonfarm

 

200K

169K

    EUR ECB Press Conference

 

    USD ISM Non-Manufacturing

 

57.0

57.8

Thursday, June 4, 2015

    AUD Retail Sales (MoM) (Apr)

 

0.4%

0.3%

    GBP Interest Rate Decision

 

0.50%

0.50%

Friday, June 5, 2015

    USD Nonfarm Payrolls (May)

 

225K

223K

    USD Unemployment Rate

 

5.4%

5.4%

Monday, June 8, 2015

    CNY Trade Balance (May)

 

34.13B

Tuesday, June 9, 2015

  CNY CPI (YoY) (May)

 

1.5%

Wednesday, June 10, 2015

  GBP Man Production

 

0.4%

  NZD Interest Rate Decision

 

3.50%

3.50%

Thursday, June 11, 2015

  AUD Employment Change

 

-2.9K

    CNY Industrial Production

 

5.9%

    USD Retail Sales (MoM)

 

0.8%

Friday, June 12, 2015

    USD PPI (MoM) (May)

 

0.3%

-0.4%

Monday, June 15, 2015

Tuesday, June 16, 2015

    GBP CPI (YoY) (May)

 

-0.1%

    EUR German ZEW Economic

 

41.9

Wednesday, June 17, 2015

    GBP Claimant Count Change

 

-12.6K

  EUR CPI (YoY) (May)

 

  NZD GDP (QoQ) (Q1)

 

0.8%

Friday, June 19, 2015

    CAD Core Retail Sales (MoM)

 

0.5%

Monday, June 22, 2015

    China – Dragon Boat Festival

 

AUD/USD analysis forecast archieve

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