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AUD/USD Daily Forecast - 09 December

Monday, Dec 08 2014

From Australia, yesterday, ANZ Job Advertisements figures were released. According to the latest ANZ release total job advertisements rose 0.7% to 138,053 per week on average in November. That was the highest average since January last year , while annual growth in ads accelerated to 8.9 %. Ads on the internet rose 0.9% in November, while those in newspapers dropped 5.4% continuing a long trend toward online advertising. However,

 

Aussie was pushed lower after China trade balance figures for November showed surplus of $ 54.47 billion, beating expectations on $43.95 billion surplus. But, exports for December were 4.7%, missing forecasts in 8% increase, while imports also missed predictions on 3.8% incline and fell by 6.7%, what is of course negative for Aussie as China is first Australian trading partner.

 

Tomorrow, from Australia, NAB Business Confidence figures will be released. Analysts are hoping for a better reading this month, after three consecutive months of decline. In the US session, JOLTS Job Openings data is scheduled for a release. A figure of 4.81 million is forecasted.

 

Figures to watch:

 

NAB Business Confidence (Tuesday 1:30)

JOLTS Job Openings (Tuesday 16:00)

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