The AUD/USD is currently trading to new weekly highs, and is poised to close higher for the fourth consecutive session. This initial surge in price higher was predicated on a technical move through .7253, which is represented in the graph below using the 200 day moving. Normally a move above the 200-day MVA suggests the beginnings of a bullish trend. Knowing this, day traders may then elect to move in to smaller time frames and look for signs of the trend continuing. ...
Australia posted a seasonally adjusted merchandise trade deficit of A$1.579 million in April, the Australian Bureau of Statistics said on Thursday - marking a decrease of 20 percent on the deficit in March. more...
The total number of building approvals issued in Australia climbed unexpectedly in April, the Australian Bureau of Statistics said on Tuesday. more...
Private capital expenditure in Australia was down a seasonally adjusted 5.2 percent on quarter in the first three months of 2016, the Australian Bureau of Statistics said on Thursday - standing at A$30.613 billion. more...
The unemployment rate in Australia was steady at a seasonally adjusted 5.7 percent in April, the Australian Bureau of Statistics said on Thursday. more...
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