15 Jan 2014
AUD/USD continues overnight selling
FXstreet.com (London) - AUD/USD slid through the overnight session, falling from a high of USD0.9078 mid way through the Asian session before selling off through to its current USD0.8911 levels.
AUD tipped by weaker Chinese data
Some weaker than expected Chinese data was enough to tip AUD sellers into action, with December new loans at CNY482.5bn, falling short of expectations of CNY600bn. The Aussie dollar was not helped by broad commodity bearishness through the session with copper futures declining 0.79 percent and gold down 0.31 percent.
The main AUD focus this week will be tomorrow’s labour force report where expectations are for a 7.5k change with unemployment flat at 5.8 percent.
AUD could find support at pre-NFP levels
AUD/USD is currently trading at USD0.8911 down 0.51 percent on the session. The AUD/USD remains just above its pre-non-farm payroll numbers level at USD0.8900 which could provide resistance.
AUD tipped by weaker Chinese data
Some weaker than expected Chinese data was enough to tip AUD sellers into action, with December new loans at CNY482.5bn, falling short of expectations of CNY600bn. The Aussie dollar was not helped by broad commodity bearishness through the session with copper futures declining 0.79 percent and gold down 0.31 percent.
The main AUD focus this week will be tomorrow’s labour force report where expectations are for a 7.5k change with unemployment flat at 5.8 percent.
AUD could find support at pre-NFP levels
AUD/USD is currently trading at USD0.8911 down 0.51 percent on the session. The AUD/USD remains just above its pre-non-farm payroll numbers level at USD0.8900 which could provide resistance.