wrapper

Aussie little changed in a steadier morning session

Friday, Feb 27 2015
Aussie remains lower after it was pulled back by yesterday's U.S.  Durable Goods Orders and CPI data. This morning only minor importance Private Sector Credit data was released. It showed 0.6% increase in line with market predictions. Housing and business credits were the main contributors to the incline.
 
Iron ore prices also have downward impact on Aussie. The price of iron ore is near a new five-and-a-half-year low after extending its losing streak to four days overnight. At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US62.50 a tonne, down 0.6 per cent from its previous close of $US62.90 a tonne.
 
Aussie currently being traded at 0.78 handle. Pair is likely to find support around 0.7750 and resistance near 0.7850 level. Later today, in the US session, GDP, Chicago PMI and Pending Home Sales figures are scheduled for a release.
More in this category: « Spanish CPI down by 1.1% German CPI up by 0.9% in February »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.