• Despite China enjoying a positive session this morning, the Australian dollar is in the doldrums. Private Capital Expenditure came in well below estimates, with its biggest drop since late 2010. The AUD/JPY is down 0.53%, with the AUD/USD down 0.40%.
• The NZD/USD is performing well by contrast.
• Commodities are in a similar groove to the Aussie, with Gold and Silver extending yesterday’s pullback.
Coming up today:
• Coming up today we have US durable goods orders and unemployment claims from 13.30, followed by Fed chair Yellen speaking at 15.00.
Trade Idea:
• The AUD/USD has hit three significant losing days in a row, something that signals further selling more often than not.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.8900 on March 3rd. This could return 131% if successful.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Aussie Doubts Linger
Morning Report: 08.40 London
• Despite China enjoying a positive session this morning, the Australian dollar is in the doldrums. Private Capital Expenditure came in well below estimates, with its biggest drop since late 2010. The AUD/JPY is down 0.53%, with the AUD/USD down 0.40%.
• The NZD/USD is performing well by contrast.
• Commodities are in a similar groove to the Aussie, with Gold and Silver extending yesterday’s pullback.
Coming up today:
• Coming up today we have US durable goods orders and unemployment claims from 13.30, followed by Fed chair Yellen speaking at 15.00.
Trade Idea:
• The AUD/USD has hit three significant losing days in a row, something that signals further selling more often than not.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.8900 on March 3rd. This could return 131% if successful.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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