In the US, Unemployment Claims, monthly indicator to value the unemployment insurance that was filed on the last week, is predicted to drop down from 377K to 373K this week.

In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Monthly Managers Survey to value the business conditions such as new orders, deliveries and inventories, rise is expected from 53.9 points on December up to 54.6 points now. And on the ISM Manufacturing Prices similar rise is forecasted from 47.5 points to 49.5 points.

The US dollar weakened against most major currencies following Bernanke’s announcement that  interest rates will likely remain near zero until late 2014. However, the global slowdown has taken its toll on the Australian export sector, and the aussie may run out of steam as a result.

In the US, ISM Manufacturing PMI and important Manufacturing activity gauge, increased more than predicted to 51.6 in September after reaching 50.6 inAugust. A further rise to 52.3 is expected now.

The moderate rise in prices leaves room for a rate cut that will weaken the Aussie. On the other hand, the fresh signs of strength from China helped the Australian dollar. We have more data from China alongside Australian data.

The main drivers of the Australian dollar were fresh quarterly inflation figures. Rising prices mean that rates hikes could come much sooner than expected. Will it be as early as now?

In the US, Personal Spending, monthly measurement for the total Spending value, is about to rise to 0.2%. Meanwhile on the Personal Income no change from 0.3% is forecasted.

In the US, Trade Balance, measuring the difference between the value of import and export. Trade deficit reached -48.18 Billion US dollar in March and it is expected to widen to -48.90 billion US dollar.

Not only did the Aussie enjoy the weakness of the greenback after Bernanke’s QE2 Lite announcement, but it also rocked on strong Australian data. Quarterly CPI rose by 1.6%, stronger than expected. The RBA will probably need to move on the rates sooner than later. Will it happen now? Let’s start.

In the US, Chicago Purchasing Managers’ Index (PMI), Survey of purchasing managers in Chicago to rate the relative level of business conditions, indicates expansion with 65.5 points.