Idea of the Day We hinted last week that we were seeing something of a sea change in term of underlying sentiment on the Aussie and that has continued this week. Overnight, we’ve seen AUDUSD push above the August high of 0.9233, with marginal help coming from better than expected business confidence data. The July high of 0.9319 is the next focus, but already the charts show that the Aussie has moved from a bear market, interspersed by short upward corrections, to a more bullish one. A change of government is also providing some support in the background, given that it was disappointment on the economy that played a part in undermining the previous labour government at the weekend election. For now, the bearish arguments on the Aussie are looking tired, especially with the latest data on China overnight holding up well. Data/Event Risks FX: The data calendar very light for FX today, so eyes remain on events in Syria which continues to grab the headlines, but momentum towards air strikes seem to be waning at present. Latest FX News JPY: The weaker dollar tone during the European session yesterday meant that USDJPY failed to make a sustained break above the 100 level during European trading. EUR: The single currency finding a decent but steady bid during the Monday session, pushing up to the 1.3260 area from below 1.32 earlier in the session. No big news events driving the move. More a reflection of the fact that the second most traded currency globally can still attract a decent amount of organic demand. AUD: Nudging through the August high of 0.9233, but only just and the follow through was very limited during the European session. Data showed improvement in both business conditions and confidence on the basis of the NAB survey, which showed confidence rising to 3.5 year high. CNY: Overnight data showed industrial production rising 10.4% (from 9.7% in July), whilst retail sales were up 13.4% (from 13.2%). Data was broadly in line with expectations, with the yuan still holding steady to the dollar close to the 6.12 level. Further reading: Forex Analysis: AUD/USD Advances to Three-Week High Tokyo chosen to host 2020 summer Olympics raising new hopes for Japan FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next EUR/USD September 10 – Strong Gains To Start Off Week Kenny Fisher 9 years Idea of the Day We hinted last week that we were seeing something of a sea change in term of underlying sentiment on the Aussie and that has continued this week. Overnight, we've seen AUDUSD push above the August high of 0.9233, with marginal help coming from better than expected business confidence data. The July high of 0.9319 is the next focus, but already the charts show that the Aussie has moved from a bear market, interspersed by short upward corrections, to a more bullish one. A change of government is also providing some support in the background, given that… 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.