The Australian Dollar was falling in the morning, but now it’s stable. Overview for 18.01.2018

18.01.2018

The AUD/USD pair stopped falling after morning’s decline, but still lacks reasons to grow.

On Thursday afternoon, the Australian Dollar got stabilized against the USD after falling in the morning. The current quote for the instrument is 0.7991.

The statistics published by Australia in the morning was rather mixed. The Unemployment Rate in December increased up to 5.5% after being 5.4% the month before. However, the indicator wasn’t expected to change. The Employment Change is 34.7K against the expected reading 13.2K. In November, this indicator was 63.6K.

However, investors didn’t have enough time to respond to this statistics, because China also published several reports. The country’s GDP in the fourth quarter of 2017 added 6.8% y/y, which is a bit better than expected (+6.7% y/y). The Industrial Production in December expanded by 6.2% y/y against the expected reading of 6.1% y/y. The Fixed Asset Investment (YTD) in China increased by 7.2% y/y and matched expectations. The Retail Sales disappointed a bit, as the indicator expanded only by 9.4% y/y in December after adding 10.2% y/y the month before and against the expected reading of 10.1% y/y.

In fact, there was nothing very negative for the Aussie. At first, there was a weak signal from one side, and then opposite signals from the other one, that’s all.

 

RoboForex Analytical Department

 

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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.