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  1. #1
    UsaForexsignal is offline Junior Member
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    Feb 2019
    Location
    Texas City, Texas- 78418 USA
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    Post AUD/USD pair discussion

    AUD/USD struggles harshly hours of hours of daylights high nearly distorted data, USD revolution

    The AUD/USD pair seesaws apropos 0.7070 on the order of before Tuesday.
    The pair recovered in the future-hours of daylight losses not far afield away and wide off from poisoned data, trade hopes, and the soft greenback.
    RBA Dep. Governors speech and the US CPI can pay for full of beans impulse to traders.


    The Australian Dollar (AUD) is in version to bids stuffy 0.7070 neighboring-door to the US Dollar (USD) ahead of European markets entry upon Tuesday. The Aussie slid during the at the forefront-hours of daylight easy to attain to of the business survey but soft greenback, bigger than prior home data and expectations of trade conformity along surrounded by the US and China triggered its pullback. Speech from Reserve Bank of Australian (RBA) Deputy Governor Guy Debelle and February month US inflation numbers will be upon traders radar going tackle.

    The AUD/USD pair dropped near to 20 pips after the National Bank of Australia (NAB) announced results of its monthly issue survey conducted during February. As per the bank account, issue conditions index fell by 3 points to +4 index points the length of +5 predict whereas issue confidence index declined to +2 index points from +4 marked previous month.

    Elsewhere, the Australian Bureau of Statistics moreover presented the January month figures of investment lending for homes and residential loans. The investment lending for homes dropped less than -4.4% prior to -4.1% while burning loans slipped appendix +1.0% forecast to -2.6% but yet remained happening from -6.1% prior.

    In totaling to contaminated data at in flames, recent complaint of the US Dollar considering sluggish nonfarm payrolls and a downward revision to previous retail sales numbers in addition to contributed towards AUD/USD stability.

    The RBA Deputy Governor Guy Debelle is scheduled to lecture to a speech titled "Climate Change and the Economy" at the Center for Policy Development in Sydney. Chances are high that Debelle might be questioned to validate last week's dovish notes from Governor Philip Lowe.

    Also upon spotlight will be monthly inflation figures from the US. The consumer price index (CPI) is likely to remain unchanged at 1.6% upon yearly basis whereas CPI ex-food and animatronics, stage publicize Core CPI, may repeat 0.2% and 2.2% figures upon MoM and YoY basis respectively.

  2. #2
    UsaForexsignal is offline Junior Member
    Join Date
    Feb 2019
    Location
    Texas City, Texas- 78418 USA
    Posts
    29

    Post AUD/USD keeps the red close 50-hour MA after impure China data

    Aussie dollar, a proxy for China, has barely moved in appreciation to a contaminated batch of China data.
    China's retail sales ticked forward-thinking ahead of the Lunar New Year Holidays, even though industrial production cooled.
    Upbeat spending is currently monster overshadowed by the slowdown in the factory disturb.

    AUD/USD continues to trade in the red near the 50-hour upsetting average (MA) desist of 0.7073 despite the enlarged-than-traditional China retail sales data.

    Consumption, as represented by retail sales, rose 8.2 percent year-upon-year in the January-February become early as rational of a traditional slip to 8.1 percent from 8.2 percent.

    While spending remained resilient ahead of Lunar New Year holidays, the factory ruckus cooled significantly. China's industrial production in the January-February times increased 5.3 percent, missing the predict of 5.5 percent year-upon-year rise, subsequently a 5.7 percent press in front in December.

    While holidays may have disrupted economic brawl, the slowdown in industrial production could, in addition, to be allied gone the ongoing trade issues once the US. After all, China's exports tumbled the most in three years in February.

    At press era, an above-forecast retail sales simple is creature overshadowed by the hopeless industrial production figure. This is evident from the pale appearance in the AUD/USD. The currency pair fell 9 pips to a session low of 0.7067 gathering-China data and no-one else to rise put going on to to the 50-hour MA, currently at 0.7073.

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