Aussie heading towards 0.77 handle

wrapper

News
Analysis
- Fundamental
  
  Daily fundamental analysis
  
  Weekly fundamental analysis
- Technical
  
  Daily technical analysis
  
  Weekly technical analysis
Charts
Basic terms
Education
Calendar
Contact

Thursday, Apr 09 2015

It is another steadier session for Aussie this morning with no major data releases from Australia. Pair is still near 0.77 handle trying to break higher after RBA left interest rates unchanged on Tuesday.Heading into the event, economists were almost evenly split but financial markets had priced in a strong probability the central bank would cut at the April meeting. The RBA did however maintain that further cuts were possible and that means rates could be lowered as soon as the May meeting.

RBA also noted that further decline in Aussie would be good in order to support economic growth. Traders are likely to be cautious during today's session awaiting for tomorrow's China's CPI and PPI figures as recent downbeat in China's economy, leading to a lowered demand in iron ore which pushed its prices to multi-year low, is putting Aussie under pressure since Australian mining industry has quite suffered due to this.

Aussie is currently being traded around 0.7680 area. Pair is likely to find support around 0.7630 and resistance above 0.7730 level. Later today,in the US session, Unemployment Claims figures are scheduled for a release.

More in this category: « Fed members divided on June hike Euro lower at the opening of European part of the session »

Latest from Editor

Popular

UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…

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.

Menu

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.