Aussie Set for Rises
January 27th, 2010 admin
Topics: aud/usd, aussie, australian dollar, cpi, forex news, forex opinions, ForexCrunch, glenn stevens, interest rate, rba
After getting many blows, the Aussie finds comfort in rising inflation which paves the path for another rate hike . This report saved AUD/USD from losing an important support line. After the bounce, the road is north. Australian quarterly CPI showed a rise of 0.5% in Q4. This exceeded expectations for a 0.4% rise, although being less than last month’s 1% rise. After seeing a negative PPI at the beginning of the week, there were fears that also CPI will disappoint. This release comes at an important timing – a week before the rate decision. After the previous rate hike, the third in a row, there were doubts about another one. With an…
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Australian employment numbers were excellent, but weren’t enough for the Aussie – it failed to break the important resistance line for the second time this week. Double top? Or just a matter of time? Australia’s employment change figure showed a rise of 35,200 jobs. This was better than last month’s Aussie job figures and...
Australian employment data was somewhat confusing – with a rise in the unemployment rate but a nice gain in jobs. After the blow AUD/USD got from the Fed decision, together with other currencies, it managed to consolidate. Update. The Australian unemployment rate unexpectedly rose from the low level of 5.1% back to 5.3%. Australia’s rate...
The week ends with two revised GDP figures in Britain and in the US, as well as other moving figures. Let’s see what’s awaiting us today. Early in the day, British GfK Consumer Confidence isn’t expected to move from the negative score of -17. This will stop months of slow improvement. Nationwide HPI is an important housing sector...
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New Zealand’s GDP rose by 0.6% in Q1 – more than expected. This prompts more rate hikes and a long term rise for NZD/USD . Gross Domestic Product in New Zealand was expected to rise by 0.5%, and it surprised with a rise of 0.6%. It’s important to note that also the GDP for Q4 was revised to the upside – 0.9% instead of 0.8%,...
Important job figures showed another improvement in Australian employment. This pushed the recovering AUD/USD above technical barriers on its way up. Update on this strong currency. Australian employment change showed a gain of 45,900 jobs in June. This was triple the early expectations that stood on a modest gain of 15,000. It’s important...
China’s GDP was very strong. The currency that benefits the most is the Aussie , which settled above an important line. Update on this strong currency. Growth in China was very strong – an annual rate of 11.9% in the first quarter of 2010. This is better than Q4’s growth of 10.7%, and also better than early expectations. This figure...
The Australian dollar dipped on bad fundamentals – something quite uncommon. Does this imply a long term change? An update on the Australian economy as well as AUD/USD technicals. At the beginning of the week, things looked good for the Aussie. Glenn Stevens, the governor of the RBA, said that house prices are too high – and this was interpreted...
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jai123 (DJ) : @IlyaSpivak http://www.screencast.com/t/MDhiZDFjOTY Do you think aud/usd is ready to be shorted again?.. Updated : 2010-09-04T05:34:06Z | Reply | View Tweet |
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VantageFX (Vantage FX) : Currency Highlights 03/09/2010
AUD/USD Initially fell to 0.9064 early in the session before risk appetite pushed... http://fb.me/IGt1C5zl.. Updated : 2010-09-04T04:05:56Z | Reply | View Tweet |
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247_Stocks (247 Stocks) : Fx Technical Analysis: AUD/USD Next To The Trendline: The AUD/USD is still in an uptrend, as judged on basis of http://url4.eu/7AvkQ.. Updated : 2010-09-04T02:57:04Z | Reply | View Tweet |
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kevinnugent (Kevin Nugent) : Nice to see AUD:USD sneaking up quietly to .92c this morning... Updated : 2010-09-04T00:59:25Z | Reply | View Tweet |
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allforexnews (Forex News) : #technical AUD/USD: Risk on, risk off: Having reached an intraday high around 0.9175, also fresh 3 weeks... http://bit.ly/au8Fs2 #fx #forex.. Updated : 2010-09-04T00:04:03Z | Reply | View Tweet |
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