Category in FXWW News

ABS to revise recent Australian jobs data

From the FXWW chatroom 08-Oct-2014 12:16 – AUSTRALIA BUREAU OF STATISTICS SAYS TO REVISE AUGUST AND JULY EMPLOYMENT DATA 08-Oct-2014 12:17 – ABS SAYS TO REMOVE SEASONALITY FOR SEPT, AUGUST AND JULY EMPLOYMENT SO THEY WILL BE THE SAME AS THE ORIGINAL ESTIMATES 08-Oct-2014 12:19 – ABS PREVIOUSLY REPORTED ORIGINAL EMPLOYMENT ROSE 32,100 IN AUGUST,

AUD: Mixed bag on crosses should ensure consolidation

AUD/USD trend remains bearish but important long-term technical support at .8660 held firm on the first test; AUD/JPY has started to retrace and could easily fall another 200 pips but the AUD does look reasonably inviting against the GBP in particular. Sounds like another perfect set-up for some range trading between .8650 and .8800 in

JPY crosses: Profit taking and trailing stops

The professional market has been short JPY across the board and we saw some hefty profit taking emerge yesterday after the over-stretch to take out 110.00 USD/JPY barriers couldn’t be maintained. Other pairs like GBP/JPY broke out of holding patterns and triggered heavy trailing stops. In the shorter-term, I prefer selling any 50/60 pip rallies