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14.06.201808:13 Forex Analysis & Reviews: A calm "Australian" does not see any reason for growth

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD / USD

Previously, the Australian dollar was repeatedly noted as a qualitative, pure indicative response to events in the global financial industry. Yesterday, the law went down to the Federal Reserve's decision to raise the rate and raise forecasts for further tightening of the policy against the speculative movements of the euro and the Australian pound, this happened despite the fact that the consumer sentiment index from Westpac for June increased by 0.3%. Australia's mixed employment figures are coming today. The unemployment rate has fallen from 5.6% to 5.4%, but due to the lowering of share of the economically active population from 65.6% to 65.5%. New jobs created reached 12 thousand against the expectation of 19 thousand Full employment, showing a decreased of 21 thousand workers.

But China was even more disappointed today. In May, industrial production in China dropped from 7.0% YoY to 6.8% YoY while expecting a decline to 6.9% YoY. Investments in fixed assets decreased from 7.0% YoY to 6.1% YoY. Retail sales declined from 9.4% YoY to 8.5% YoY against growth expectations of up to 9.6% YoY. Chinese stock market China A50 is down to 0.55%, and Australian S&P / ASX 200 is down to -0.14%. We are waiting for the AUD/USD pair at 0.7440.

Exchange Rates 14.06.2018 analysis

* The presented analysis of the market is informative and is not a guide to the transaction.

Laurie Bailey
Analytical expert of InstaForex
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