wrapper

Aussie slightly up in a steadier beginning of the week

Monday, Dec 22 2014
Aussie is being supported sligthly this morning by raise in gold prices. This is usually period of year when gold and silver prices are in an uptrend due to Christmas jewelry shopping. On the other hand, iron ore prices are still in decline, with weaker demand coming from China. 
 
RBA governor Glenn Stevens stated recently that Australian dollar should fall, or at least that it would be desirable if it fell, to around 75 US cents, so this is adding additional pressure on Aussie. 
 
Furthermore, Australian labour market is still instable, GDP growth in third quarter was much weaker than it was expected with announcements of further slowdown by the end of the year. On the contrary, Fed gave positive outlook on US economy last week, saying that labour market is being stable, though there are some inflation concerns left. What we can ecpect is that Fed is about to raise its interest rates in the first part of 2015.
 
Aussie added few points this morning and is currently being traded around 0.8150 area. It is a steadier beginning of the week with no data releases from Australia and with only Existing Home Sales figures being released from the USA later today. Also, we are entering into holiday season week so we cannot expect any large movements.
More in this category: « USD - Major events in the week ahead Euro little changed in less volatile Monday's session »

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.