Aussie defies gravity

April 16, 2015

The big stand out from last night was the Aussie which has spiked on the back of a much unexpected decline in unemployment. AUDUSD is now back in the mid 0.7700 area marking a two week high as the Australian economy created more than double the amount of jobs expected in March and February’s rise was revised upwards almost threefold. The Aussie has also benefitted from strength in commodities as crude prices have also spiked on the back of a drop in US production and oil stocks. A number of traders are becoming more bullish on oil now that it has broken to fresh highs for the year and risen as much as 35% since January and March lows. For now in AUDUSD seems to be firmly supported above the 0.7550 level. Despite a slowing China and depressed iron ore prices the Aussie remains reluctant to head lower for now.

Today the economic calendar is quite quiet again but the focus will be on US data in the form of housing starts, the weekly initial jobless claims and Phili Fed survey.

Publication source
FxPro information  FxPro reviews

January 23, 2017
Can Supreme Court Ruling Help GBPUSD Remain Bullish ?
Tomorrow, Tuesday 24 January, around 09:30 GMT, the UK Supreme Court will release the Brexit lawsuit Ruling, on whether the UK Prime Minister Theresa May will need the UK parliament’s approval to invoke Article 50 of the Lisbon Treaty, to leave the EU...
January 20, 2017
Cautious EURUSD Ahead of ECB Press Conference
USD, and the US government bond yields, surged last night following Fed president Janet Yellen’s speech to the Commonwealth Club in San Francisco...
January 19, 2017
Is equilibrium out of reach?
Let’s check what’s going on with Oil before turning our attention to the Russian Ruble. “Black gold” is forming a reversal pattern next to the key level of 52.10. The only matter is that this pattern is above the horizontal level, but the 52.10 level can potentially become the neckline of our pattern...

Z.com Trade Rating
Trade360 Rating
XM Rating
FXCM Rating
Tickmill Rating
Orbex Rating

OptionRally Rating
365BinaryOption Rating
24option Rating
Banc De Binary Rating
99Binary Rating
Binary.com Rating