wrapper

Aussie almost unchanged in a quite Friday's trade

Friday, Dec 26 2014
There were no data releases from Australia this morning, so Aussie remained traded within a tighter range as holiday season still play's an important role in market volatility. In a quite uneventful week main market movers for Aussie were gold an iron ore prices. Gold prices still very soft, while iron ore prices fell to a five year low with decline in demand from China.
 
However, despite drop in industrial production and growth China added 13 million jobs this year above government's target. Elsewhere, Industrial Production in Japan fell by 0.6%, missing market expectations on 1% increase. Average Cash Earnings also declined by 1.5%, while analysts were predicting 0.5% raise. USD strengthen by 20 points against JPY after data was released.
 
Aussie is almost unchanged this morning currently being traded around 0.8120 level. We can expect a steadier rest of the session as there will be no data releases in the US session.
Last modified on Friday, 26 December 2014
More in this category: « Where will Aussie stop its downtrend? Sterling stable around 1.5550 level »

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.