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.

Aussie Retail Sales

The seasonally adjusted November Retail Sales figure for Australia came in flat at 0.0%, worse than the expected increase of 0.4% and the prior reading of 0.0%. The Aussie is hovering above its daily lows following the release.

AIG Perfromance of Construction Index

The Aussie AIG Performance of Construction Index for December once again came in at a very weak 41 with that portion of the economy continuing to contract, however the reading was better than the prior month at 39.6.

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