In the US, Unemployment Claims, value the persons that on the first time filed for unemployment insurance over the passing week, rise of 1K is expected up to 405K.

Job figures came out better than expected, but they might be a correction, rather than a change of course. AUD/USD enjoyed the high hopes for Europe in the past week and reached parity once again. Will this optimism prevail?

In theUS, Unemployment Claims measuring the number of Americans filing initial jobless claims dropped unexpectedly to 405,000 last week from427,000 inthe week before. This reading was below the 413,000 expected. A small increase to 408,000 is predicted now.

In the US, Producer Price Index a leading indicator of consumer inflation gained 1.6% in February wekk above the 0.7 increase forecasted by analysts and following 0.8% rise in the previous month. A further gain of 1.1% is expected now. Meanwhile Core PPI gained 0.2% in line with expectations following 0.5% increase in the month before. The same rise is expected now.

In the US, Federal Reserve Bank of Dallas President Richard Fisher, due to deliver a speech titled “A Report on the Economy” at the Stemmons Corridor Business Association Annual Meeting, in Dallas.

In the US, Unemployment Claims, number of individuals who filed for unemployment insurance for the first time during the past week; is about to rise by 5K. An important signal of overall economic health because consumer spending is highly correlated with labor-market conditions

In the US, The Conference Board (CB) Consumer Confidence, Survey of about 5,000 households to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation is about to rise by 2 points from the previous month.

Chinese figures were rather good in the past week – GDP rose by 9.8% in Q4, better than expected after hints of slow growth, and inflation still isn’t out of control, extreme tightening measures are necessary, at least not yet. Will the Aussie enjoy this?

In the US, American CB Consumer Confidence fell to a reading of 48.5 in September from 53.2 in August due to less favorable business and labor market conditions. A small rise to 49.3 is expected now.

After a roller coaster week, the upcoming week is all about the future rate decision, with inflation numbers being the highlights. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD.

AUD/USD daily chart with support and resistance lines marked. Click to enlarge: