Wednesday, June 10, 2009

Australian dollar rising against the backdrop of a positive mood in the markets of raw materials and stock

After a hitch Ofer around $ 0.8050/60 yet been overcome, with the execution of the foot above provide additional charge to absorb the next round of orders for the sale, bringing the Australian currency can be seen near $ 0.81. Data from Australia today were mixed, but rather a positive one, given that, while the increase in the number of housing loans at 0.9% m / m was below the average forecast of +1.5% m / m and +4.8% m / m in March (in monetary terms, the growth in April slowed to +1.9% m / m, after +7.2% m / m), index of consumer confidence in June rose by 12.7%, demonstrating strong growth over the past 22 years, and investment lending in April rose at 8.9% m / m, after +5.7% m / m (approx. forexpf.ru: figure was revised from +4.7% m / m) in March. In addition to the commodity markets today, there is further upward momentum, while the mood in the equity markets of Asia was also bovine, which creates prerequisites for further growth in the Australian dollar. Obstacle in the way above his left Ofer near $ 0.8100/10, but break above will open the way for $ 0.8125/35 and $ 0.8160, while in general, bulls now seek to re-test last week, highs near $ 0.8265. Bidy, according to dealers, there are now around $ 0.8060/50 and small orders for buying seen around $ 0.8035 with a greater concentration of $ 0.8000/95.

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