The not too hawkish message from the Fed saved the Aussie from losing 0.93, but this didn’t last too long. The pair is now below the line, the lowest since mid June. Here are three reasons: Weak Australian fundamentals: Australian building approvals fell by 5%, significantly worse than a drop of 1% expected. Despite the volatility in this figure, these are bad news. In addition, quarterly import prices tumbled by 3%, also worse than -1.4% predicted. Average cash earnings joined the global trend and rose by only 0.4%, weaker than 0.7% predicted. Only private sector credit advanced nicely, by 0.7%, more than 0.4% predicted. A late reaction to the Fed: As we said in the live coverage (you can see it here) of the FOMC, there is sometimes a late reaction to the statement, as analysts weigh in. We are seeing a stronger dollar also against other currencies. End of month flows: This is the last trading day of the month and all kinds of unexpected things happen. Adjustments to portfolios can shake currencies in various ways, and this is happening now. The next significant line of support is 0.9220, after the range was broken. For more, see the AUDUSD forecast. And here is the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Eurozone inflation data and weekly jobless claims watched FxPro - Forex Broker 9 years The not too hawkish message from the Fed saved the Aussie from losing 0.93, but this didn't last too long. The pair is now below the line, the lowest since mid June. Here are three reasons: Weak Australian fundamentals: Australian building approvals fell by 5%, significantly worse than a drop of 1% expected. Despite the volatility in this figure, these are bad news. In addition, quarterly import prices tumbled by 3%, also worse than -1.4% predicted. Average cash earnings joined the global trend and rose by only 0.4%, weaker than 0.7% predicted. Only private sector credit advanced nicely, by 0.7%,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
