28.08.2014 8:08 AUDUSD
AUDUSD: growth on the back of increased capital expenditure in the private sector in Australia
Buy on rebound from 0.9344 level with 0.9400 and 0.9470 targets. Stop Loss = 0.9300.
Reason for the trading strategy.
Despite July's decline of 5.7% (m/m) in the sale of new homes in Australia, news about the growth of capital expenditure in the private sector there is bolstering the Aussie. The last indicator for Q2 in 2014 increased by 1.1% (q/q), which is lower than the forecast of -0.9% (q/q). The desire of Australian households to spend more than save could lead to inflationary pressures in the economy, which will affect the monetary policy of the Reserve Bank of Australia.
AUDUSD, H4
AUDUSD: growth on the back of increased capital expenditure in the private sector in Australia
Buy on rebound from 0.9344 level with 0.9400 and 0.9470 targets. Stop Loss = 0.9300.
Reason for the trading strategy.
Despite July's decline of 5.7% (m/m) in the sale of new homes in Australia, news about the growth of capital expenditure in the private sector there is bolstering the Aussie. The last indicator for Q2 in 2014 increased by 1.1% (q/q), which is lower than the forecast of -0.9% (q/q). The desire of Australian households to spend more than save could lead to inflationary pressures in the economy, which will affect the monetary policy of the Reserve Bank of Australia.
AUDUSD, H4
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