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Aussie House Prices

Aussie House Prices declined in December, putting additional pressure on the Aussie after Fitch Ratings placed Australian banks on Credit Watch. The details of the release are as follows:

  • RPData – Rismark House PX Raw – Actual:-1.2%   Prior:-0.2%
  • RPData – Rismark House PX S.a – Actual:-0.2%   Prior:0.1%

Aussie CPI

The Consumer Price Index for the 4th quarter in Australia came in above expectations on a year over year basis, but weaker quarterly, initially pushing the AUDUSD pair lower. The details of the release are as follows:

  • CPI (QoQ) – Survey:0.2%   Actual:0.0%   Prior:0.6%
  • CPI (YoY) – Survey:3.3.%   Actual:2.6%   Prior:3.5%


Aussie Employment Report

The AUDUSD fell by 50 pips initially as the Aussie employment report showed a loss of -29.3K jobs versus the estimate of a 10K increase. However the currency has quickly recovered as a look at the details revealed the loss was driven mostly by a loss of part-time jobs following the holiday season. The details of the release are as follows:

  • Employment Change – Survey:10K   Actual:-29.3K   Prior:-6.3K
  • Unemployment Rate – Survey:5.3%   Actual:5.2%  Prior:5.3%
  • Full Time Change – Survey:18.8K   Actual:24.5K  Prior:-39.9K
  • Part Time Change – Survey:-8.8K  Actual:-53.7K  Prior:33.6K

The Aussie wedge we reviewed yesterday continues to hold.

ANZ Consumer Confidence

Consumer Confidence in Australia came in much stronger that the prior month in January with the Index printing a 116.1 (108.4 prior) and 7.1% lift (-0.6% prior.)

Aussie Consumer Inflation Expectation

The Aussie Consumer Inflation Expectation for January came in at 2.8%, firmer than the prior release of 2.4%, helping the AUD gain a mild bid.

Westpac Consumer Confidence

The Aussie Westpac Consumer Confidence reading for January rose by 2.4% after a decline of -8.3% the prior release. The Index also rose to 97.1 from the prior reading of 94.7. The AUD and other risk pairs rose marginally following the positive release.


Aussie Home Loans & Investment Lending

Aussie Home Loans rose above expectations, while Investment Lending also increased in November from the prior month. The Aussie had a muted reaction to this release.

  • Home Loans (MoM) – Survey:1.0%   Actual:1.4%   Prior:0.7%
  • Investment Lending – Actual:1.8%   Prior:-5.5%

Aussie Inflation Report

The Australian Inflation Report was firmer in December that the prior month, however that has done little to help the Aussie as it trades lower to start the new week, as are the rest of risk products. The details of the release are as follows:

  • TD Securities Inflation (MoM) -Actual:0.5%   Prior:-0.1%
  • TD Securities Inflation (YoY) – Actual: 2.4%  Prior:2.1%

Aussie Job Vacancies

Aussie Job Vacancies for November were down -3.3% during the holiday season, worse than the prior months increase of 3.2%. Below we see the AUDUSD pair has continued to move up the trendline support from early Monday morning as commodities and commodity currencies have rallied. However, today the USD rally has pushed the AUDUSD pair through the trendline and the pair is now sitting above the 100hr and 200hr moving averages at the 38.2% retracement of this weeks move.

Aussie Building Approvals

Building Approvals for Australia beat expectations in November, the details are as follows:

  • Building Approvals (MoM) – Survey:-6.0%   Actual:8.4%   Prior:-10.7%
  • Building Approvals (YoY) – Survey:-19.8%   Actual:-18.9%   Prior:-29.8%

The Aussie has been running up trendline support since opening weaker yesterday, but just moved lower off the 100hr mavg where it could find some short-term resistance.

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