It has been noted with a keen observation that Australian macros are outperforming among major Asia Pacific (APAC) economies in the recent past. As a result, Australian economy headed into perfect boom in 2015.In the last quarter, the under-stressed AUD was on its downtrend. But the medium trend focus is taking sharp turn. Key elements that may boost aussie dollar are noted as follows:Attractive labor market data, with an anticipation of lower CPI figures for Q1 of 2015 that is scheduled release on 22nd April, food inflation, housing inflation and growth in retail sales.All these key figures are factored in majorly on account of slowing housing price growth and lower energy prices. The headline is that there was an improvement in employment figure and subsequently there is a noted reduction in number of people unemployed. Stressing job data was a bit concerning part earlier December 2014, but now it is fairly surprising as employment was a concern for Australia due to the slowdown in primary exports.All these inflation figures remain to be at stiff check in the near term as an attractive job market data for March. Contemplating the fact that continued inflation control we expect Reserve bank of Australia (RBA) is likely to cut its rate in May.Meanwhile, the country’s stock market is poised for moderate gains. Currently AUD/USD is trading at 0.7795 (-0.07%), AUD/USD’s range resistance is at risk on upbeat Australia employment report.
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