AUD 7 day forecast – when to buy AUD – when to sell the AUD

Will AUD to USD Retest the All-Time Lows?

GBPAUD rates have continued its “yo-yo” trading pattern this week as the value of the AUD recovered.  Rates have swung by over 2.5% through May again highlighting how important timing a trade can be to get the best price. This represents a difference on a £200,000 purchase of £5,000, a lot of money that takes most of us a long time to earn, pay tax on and save!

This coming week more change is expected as we enter a new month with more economic data due. These include:

Monday AM                       Australia              Housing data

Monday AM                       UK                          Housing and Money Supply data

Monday PM                       USA                       Construction and Manufacturing data

 

Tuesday AM                       Australia              Interest Rate Decision

Tuesday AM                       UK                          Housing market data

Tuesday PM                       USA                       Factory Orders

 

Wednesday AM               Australia              GDP Figures

Wednesday AM               UK                          Services Data

Wednesday PM                USA                       Employment and Trade data

 

Thursday AM                     AUD                       Exports data

Thursday AM                     UK                          Interest rate decision

Thursday PM                     USA                       Jobless data

Thursday PM                     Australia              Construction Data

 

Friday AM                           UK                          Trade and Consumer data

Friday PM                            USA                       Nonfarm and Employment data

 

(All times UK BST)

 

All of the above will have an impact on the market price and therefore the cost of your transfer. The BOLD are the most powerful and should be keenly watched by ANYONE with a AUD transfer to complete.

Here we help people time transfers as well as getting them an exchange rate to save thousands. For more information or for a live quotation feel free to contact the author – STEVE EAKINS – directly via email at hse@currencies.co.uk