CORRECTION: Australia ANZ Job Advertisements -0.9% in Dec
Australia ANZ Job Advertisements -0.9% in Dec
Feb 4, 2013
Forex: AUD/USD from highs to lows after Australian building permits
The Australian Dollar has lost its bias tone initiated in early Asian trade after very poor Australian building permits in December, down at -4.4% vs + 1% consensus. The pair, reaching its peak at 1.0430 - descending trendline resistance - has now fallen to session low at 1.0414, printing in the process a 1 hour bearish engulfing candle.
As another sign of Pound weakness seen as of late, down -1.21% from Friday's highs alone against USD, and only above Yen in last 5 trading days, but below it for the session being with GBP/JPY near session lows, GBP just printed historic lows against Kiwi, according to Gomarkets Aus feed, few pips below previous lows in Aug 2011 around the 1.8540 level.