On Wednesday, the pair trades on the Australian dollar/U.S. dollar resulted in almost a zero-sum. It is worth noting that during the day of high volatility on the trading floors were not observed, despite the fact that the other against its competitors, such as the euro, British pound, Swiss franc and the Japanese yen, the greenback strengthened more actively.
Most likely, the main prerequisites for the slowdown pair AUD/USD comes not only from the RBA or China, but also from the positive sentiment towards the U.S. dollar. Thus, according to a report published yesterday agency ADP, the number of new jobs in the U.S. economy, which were created outside agriculture, and in March was 191 thousand, which only broke up in 1000 with the consensus, as experts Forex. Against this background, increased interest not only in buying the U.S. dollar, but the U.S. stock market, where the key indices reached new historical records.
Pair AUD/USD is waiting for a busy day.
In addition, it is worth noting the weak data on the real estate market in Australia, which recorded in February, reducing the number of permits issued for construction, 5% against growth of 6.8% a month earlier. As for today's news from Australia, they were insufficient to support the "bullish" sentiment on the markets. Thus, the volume of retail sales in February rose by only 0.2% vs. 0.4% level, while the trade balance for the same period recorded a surplus of 1.2 billion Australian dollars (forecast 0.82 billion), which is a bit slow falling off pair .
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Also, analysts say forex support and the Australian had the news from China, where in March the index of business activity in the services sector, according to HSBC, rose to 51.9 points, which is slightly reduced degree of tension associated with a slowing economy China. Moreover, the Chinese government announced the beginning stimulate their economies by attracting commercial banks, pension funds and insurance companies in the lending process of production.
Today, April 3, 2014, as analysts believe the company's Forex FOREX MMCIS group, for the pair AUD/USD will be very busy day, as against the background of a large amount of macroeconomic statistics can be implemented a wide variety of investors' expectations regarding the U.S. labor market. It is possible that prices will try to lay a stronger dollar in the context of labor market recovery in the United States, but the process will be constrained optimistic market participants against Aussies and acceleration of the Chinese economy.
