Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Australian Dollar retreats. Overview on 20.07.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Australian Dollar retreats. Overview on 20.07.2016

20.07.2016
AUD/USD pair is traded with descending for the second day, weak statistic adds reasons to sell. Current quotation in AUD/USD - 0.7477.
 
Publicized today statistic has shown that index of leading indicators in Australia from Westpac in May of current year is reduced on 0.20% m/m against growth on 0.21% in April. Indicator accounts nine basic parameters, including such opposed terms as stocks price and volume of requests for phone number. Six month medial indicator's line strengthened up to -0.14% from -0.35% earlier.
 
Despite of some improvements in pace of indicator's surplus, it is still less than zero that indicates, as minimum, on reserved behavior of comsumers and producers. But forecast of Westpac for 2017 supposes that later index will be stand around 3% level.
 
Publicized before Chinese statistic was estimated "positively" by Australian Dollar. Today main events are European - tomorrow is the  next meeting of ECB, that is waited for comments on broadening of external risks. Investors choose  US Dollar "just in case".
 

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.