wrapper

Aussie lower in an uneventful Monday's trade

Monday, Sep 12 2016

There are no major data releases today, however Aussie was psuhed lower this morning continuing Friday's downtrend. The market's focus is on whether the U.S. Federal Reserve will raise interest rates soon, and also on whether the Bank of Japan will add to its aggressive monetary stimulus. Both central banks hold policy meetings on Sept. 20-21.

With a lack of important economic data or events scheduled in Asia, Europe or the US on Monday, speculation over what the Fed may do next will continue to dominate movements in the Aussie, and asset markets in general. After rallying earlier in the week in response to upbeat Chinese trade figures and the Reserve Bank of Australia’s decision to leave interest rates on hold, the Australian Dollar experienced a fairly dramatic tumble before the weekend.

 

Aussie is currently being traded few points above 0.75 handle. Pair is likely to find support around 0.7480 level and resistance above 0.7550 area.

More in this category: « USD - Major events in the week ahead Haldane indicates no negative rates for the UK »

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.