10 Jul 2013
AUD/USD trading negatively after Consumer confidence
FXstreet.com (New York) - The AUD/USD technical pair has slowed its decline Wednesday morning, despite the relatively weak data release in recent minutes.
At the time of writing, the AUD/USD is still trading negatively at 0.9165, down -0.10% presently.
AUD/USD static after initial data release
In Australia, Westpac Consumer Confidence (July) was reported at -0.1%, relative to a growth of +4.7% in the previous month. Moreover, the Westpac Consumer Confidence Index (July) came in at 102.1, compared to a result of 102.2 in June. Later today within the hour, investors will learn of a tranche of Chinese trade statistics.
AUD/USD holds record shorts last week
According to Sean Callow, a Global FX Strategist at Westpac, “Given IMM specs held record short AUD/USD positions last week, the Aussie probably has a little more fuel for short-covering near-term, but we doubt it will extend beyond say 0.9250.”
At the time of writing, the AUD/USD is still trading negatively at 0.9165, down -0.10% presently.
AUD/USD static after initial data release
In Australia, Westpac Consumer Confidence (July) was reported at -0.1%, relative to a growth of +4.7% in the previous month. Moreover, the Westpac Consumer Confidence Index (July) came in at 102.1, compared to a result of 102.2 in June. Later today within the hour, investors will learn of a tranche of Chinese trade statistics.
AUD/USD holds record shorts last week
According to Sean Callow, a Global FX Strategist at Westpac, “Given IMM specs held record short AUD/USD positions last week, the Aussie probably has a little more fuel for short-covering near-term, but we doubt it will extend beyond say 0.9250.”