OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: AUD/USD ready to take 1.0200

FXstreet.com (Barcelona) - The Aussie dollar is extending its correction higher from lows below 1.0160 on Wednesday, ready for another assault on the 1.0200 handle, as risk appetite continues to swell amongst investors.

“There should still be bouts of strength in AUD/USD multi-month however, as Fed and BoJ QE continues full pace, creating spill over AUD demand that could easily see at least a temporary return to 1.03-1.04”, suggested Sean Callow, Strategist at Westpac.

AUD/USD is now gaining 0.12% at 1.0196 with the next hurdle at 1.0210 (hourly highs May 7) ahead of 1.0221 (low Apr.23) and finally 1.0270 (hourly high May 6).
On the downside, a break below 1.0116 (2013 low Mar.4) would expose 1.0100 (low Jul.12 2012) and then 1.10021 (low Jun.29 2012).

UK: Halifax House Prices rise 1.1% in April

UK Halifax House Prices grew 1.1% in April, following a 0.2% increase the previous month, the HBOS revealed on Wednesday. Analysts expected much less growth of 0.1%.
Read more Previous

Switzerland Consumer Price Index (MoM) down to 0% in Apr from 0.2% in Mar

Read more Next
Start livechat