Analysis by :
Andrew Timothy Robinson
FX-specialist, Market Strategist,
AUD goes ballistic on another set of strong data out of Australia
EU summit today likely to determine EUR direction near-term
MAJOR HEADLINES – PREVIOUS SESSION
AU Feb. Consumer Inflation Expectation out at 3.2% vs. 3.5% prior
AU Jan. Employment Change out at +52.7k vs. +15.0k expected and revised 37.5k prior
AU Jan. Unemployment Rate out at 5.3% vs. 5.6% expected and 5.5% prior
China Jan. PPI out at +4.3% y/y vs. 3.5% expected and 1.7% prior
Chna Jan. CPI out at 1.5% vs. 2.1% expected and 1.9% prior
China Jan. NDRC Housing Prices out at 9.5% vs. 7.8% prior
CA Dec. Int’l Merchandise Trade out at –C$0.2b vs. –C$0.1b expected and revised –c$0.2b prior
US Dec. Trade balance out at -$40.2b vs. -$35.8b expected and -$36.4b prior
UK Jan. NIESR GDP Estimate out at 0.4% vs. revised 0.1% prior
NZ Jan. Business PMI out at 52.0 vs. revised 53.0 prior
NZ Jan. Food Prices out at +2.1% vs. -0.3% prior
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