wrapper

Aussie slightly up in a quite Asian trade

Friday, Jul 17 2015
From Australia this morning only minor Conference Board Leading Economic Index data was released showing that it increased 0.2%, while the Conference Board Coincident Economic Index increased 0.3% in May. The Conference Board LEI for Australia increased in May after a slight decline in April. Moreover, the strengths among the leading indicators have remained more widespread than the weaknesses in recent months. Five of the seven components that make up The Conference Board LEI for Australia increased in May.
 
Aussie was little changed in the morning part of the session still in a rebound after decline due to Federal Reserve Chair Janet Yellen’s recent comment indicating a likely interest rate hike this year has prompted market players to shift money back into the U.S. The Fed’s confidence about an economic upswing dispelled lingering views that the central bank would delay the hike in light of the Greek debt problem and the Chinese stock market turmoil. Investors unloaded non-interest-bearing precious metals and other commodities, as well as the currencies of countries that produce them. Currencies of major industrialized nations also weakened against the dollar.
 
Aussie is currently being traded around 0.7420 level. Pair is likely to find support around 0.7380 area, and resistance above 0.7450 level. Later today, in the US session, CPI, Building Permits, Housing Starts and Consumer Sentiment figures are scheduled for a release.

 

More in this category: « Draghi says he believes that Greece will pay its debts Euro still below 1.09 handle »

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.