Domestic employment and Chinese inflation send the Aussie higher, but we're in limbo ahead of the Fed
AUDUSD: Bounced again and has held up at the highs as employment data and Chinese Inflation numbers both beat expectations. There are a couple of US releases this evening, however we don’t expect the market to move much ahead of the weekend. Technically we continue to trade either side of the 50% retracement until next week. AUDEUR: Retraced higher to hit levels seen earlier in the week.The market is unwilling to take the pair outside the comfort zone ahead of the weekends Fin Min meetings. Technically our 3 week old downward trend line resistance should hold. AUDGBP: Rallied to week long highs on the local data releases but fell away as the BoE said the Chinese economic events have not had an impact on their thinking that a rate hike is likely. We'll hold the 3 week range. AUDNZD: 3 cents higher than Wednesday as the RBNZ suggested further interest rate cuts are on the cards. Trend is higher but do expect a small correction lower as NZD buyers jump on these highs. CALL TO DISCUSS YOUR CURRENCY EXPOSURE (VIEW LINK)
Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
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