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Australian Dollar Forecast Directory - Page #125

A round up of the latest Australian Dollar forecast news items from the Currency News desk.

Shock US Q4 GDP Data Shows That World?s Largest Economy Shrank, Sending GBP USD Lower, GBP AUD & GBP NZD Higher

30 Jan 2013 at 4 PM - Written by Frank Davies

This afternoon’s US GDP data for Q4 came out at a shockingly poor annualised -0.1%. Analysts had been anticipating a drop-off from Q3’s decent showing of 3.1%, with a 1.1% print expected, so the extent of the slowdown in the world’s premier economy came as a body blow to investors holding US Dollars. The knee-jerk reaction from...

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Weak US Consumer Confidence Data Sends GBP USD Exchange Rate Higher

30 Jan 2013 at 9 AM - Written by James Fuller

Yesterday’s session in the currency markets brought the release of worrying data from some of the world’s major economies, which served as a stark reminder that the global economic picture remains gloomy. Dismal Spanish retail sales data, released in the early part of the day, showed that shop sales in the languishing Iberian economy...

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Pound South African Rand Exchange Rate (GBP ZAR) Could Spiral On Inflation Data

24 Jan 2013 at 9 AM - Written by Ben Hughes

With all the furore which surrounded UK Prime Minister David Cameron’s ‘euro referendum’ speech, which he delivered in London early yesterday, and the headline-grabbing British unemployment figures, one release received a lot less coverage than was merited – January’s Bank of England minutes. The memos of the UK Monetary Policy...

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USD remains strong as Consumer sentiment figures disappoint

18 Jan 2013 at 6 PM - Written by Frank Davies

The ‘Greenback’ has made gains against the majority of its most traded peers due to yesterday’s US Unemployment figures coming in at a five-year low. Its gains were limited however due to a disappointing manufacturing report. The latest US Prelim University of Michigan Consumer Sentiment figures came in at their lowest level in two...

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Currency roundup: Euro soars as Yen plummets, Pound weakens

18 Jan 2013 at 10 AM - Written by Tim Boyer

Currency roundup: Euro soars as Yen plummets The Euro has strengthened close to a 10-month high against the US Dollar after Spain’s borrowing costs fell during a €4.5 billion sale of government bonds boosting confidence in the European debt markets. As a result the single currency strengthened against all 16 of its major peers...

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Pound Euro Exchange Rate (GBP EUR) Breaks To New 9 ? Month Low, Negative Signs For Australia?s Housing Sector

14 Jan 2013 at 4 PM - Written by John Cameron

This morning’s whole of eurozone Industrial Production data for November showed an annualised drop of some 3.7% in the region’s total factory output. The drop shows that the contraction in the level of goods and services coming out of Europe’s factories is picking up pace – October’s counterpart figure showed at -3.3%. The ugly...

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Foreign Currency Exchange Rate Predictions For GBP, EUR, AUD And SGD For Today

10 Jan 2013 at 6 PM - Written by John Cameron

The POUND STERLING should have recorded gains today, following the news that the Bank of England’s monetary policy committee decided against any further loosening of the UK’s domestic monetary policy. The fact that Sterling has lost ground against the euro, Australian and Kiwi Dollars is indicative of the negative sentiment surrounding...

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Pound Australian Dollar Exchange Rate (GBP AUD) Down As Investor Sentiment Remains Buoyant

9 Jan 2013 at 2 PM - Written by David Woodsmith

On the face of it, this morning’s UK trade balance data for November provided further cause for pessimism regarding the future prospects for Britain’s economy. The figure showed that the UK’s total trade gap stood at a whopping £3.466bn the month before last – well ahead of analysts’ expectations of a showing of £3.00bn. Members...

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Pound Euro Exchange Rate (GBP EUR) Tumbles On Barroso?s Words

8 Jan 2013 at 9 AM - Written by Tim Boyer

Sterling endured a mixed day in the currency markets yesterday, initially recording pronounced losses against the Australian and Kiwi Dollars. An encouraging set of new car sale data, released by the SMMT yesterday morning, showed that British new car sales had reached their highest level since 2008 last year, providing some reason for...

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Sterling loses Ground Against AUD And NZD Following UK Halifax House Price Survey, GBP EUR Exchange Rate Up

7 Jan 2013 at 2 PM - Written by James Fuller

This morning brought more glum news for UK economic participants in the form of the latest Halifax House Price survey. The closely-watched gauge of the state of Britain’s housing sector concluded that the average UK house price dipped by 0.3% during 2012. The market is expected to remain subdued throughout this year, with no alteration to...

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