Wednesday, 24 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD Jumps 23 Pips on Better-Than-Expected China Industrial Production Figure
Monday, 21 January 2019 09:46 WIB | CURRENCIES |Dollar Australia,AUD/USD,

The AUD/USD pair jumped 23 pips to 0.7177 soon before press time, courtesy of a better-than-expected China data.

China's industrial production rose to 5.7 percent year-on-year in December, beating the forecast of 5.3 percent by a big margin. The above-forecast reading could be taken a sign the global demand may not be as weak as previously thought. Meanwhile, retail sales ticked higher to 8.2 percent in December as expected.

Still, the AUD risks falling back to session lows near 0.7150 as China's growth rate in the fourth quarter slowed to 6.4 percent year-on-year - the lowest since early 2009 - more so because both the PBOC and the Chinese government are unlikely to introduce a flood-like stimulus to support the ailing economy.

As of writing, the AUD/USD is trading at 0.7166. Thursday's low of 0.7147 is the level to beat for the bears. On the higher side, 0.7235 (Jan. 11 high) is the key resistance.

Source : FX Street

RELATED NEWS
Pound Down For Third Day Before Conservative Party Election Outcome...
Tuesday, 23 July 2019 15:47 WIB

Sterling fell for the third straight day on Tuesday, dragged down by a firmer dollar and concern that the new prime minister, whose identity will be known later in the day, will pull Britain out of th...

Dollar Gains on Debt-Limit Deal; Kiwi Drops on RBNZ: Inside G-10...
Tuesday, 23 July 2019 10:51 WIB

The dollar advanced versus all Group-of-10 currencies as Treasury yields rose after President Donald Trump announced a bipartisan deal to suspend the U.S. debt ceiling. EUR/USD dropped 0.1% to 1.1199...

GBP/USD Refreshes Session Lows, Back Below 1.2500 Handle...
Monday, 22 July 2019 16:06 WIB

The GBP/USD pair finally broke down of its Asian session consolidation phase and dropped to fresh session lows, around the 1.2475 region in the last hour. The latest leg of a sudden drop of over 35-p...

Euro near $1.12 as investors wait for central bank meetings...
Monday, 22 July 2019 15:19 WIB

Foreign-exchange markets started the week waiting to see how much and how fast policymakers might ease policy, beginning with the European Central Bank on Thursday. The euro weakened to $1.12 in Asia...

Dollar Clings to Gains as Gulf Tensions Bolster Safe-Haven Bid...
Monday, 22 July 2019 08:10 WIB

The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets. Wh...

LATEST NEWS
South Korean Claims of Warning Shots to Russian Jets Disputed by Moscow

South Korean air force jets fired 360 rounds of warning shots Tuesday after a Russian military plane twice violated South Korea's airspace off the country's east coast, Seoul officials said in an announcement that was quickly disputed by...

Stocks rise after strong earnings from Coca-Cola and United Technologies

Stocks rose on Tuesday as investors cheered strong quarterly numbers from companies like Coca-Cola and United Technologies. The Dow Jones Industrial Average climbed 84 points, or 0.3%. The S&P 500 and Nasdaq Composite also advanced 0.3%...

European stocks close higher on strong earnings; Johnson wins UK leadership race

European stocks closed higher Tuesday as investors digested a strong set of corporate results and looked ahead to this week™s European Central Bank policy meeting. The pan-European Stoxx 600 closed up 0.98% to 391.54 with the majority of sectors...

POPULAR NEWS
Silver closes at 13-month high as gold ekes out a gain
Tuesday, 23 July 2019 02:19 WIB

Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain. Rising geopolitical...

Gold Prices Rise on Rate Cut Expectations
Monday, 22 July 2019 13:11 WIB

Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month. Gold futures for...

Gold looks for direction after hitting 6-year high
Monday, 22 July 2019 19:47 WIB

Gold futures hovered near unchanged Monday, in consolidation mode after hitting a six-year high last week but underpinned by rising geopolitical...

Gold Retreats Further From Six-Year Peak as Deep Rate Cut Views Fade
Monday, 22 July 2019 09:47 WIB

Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a...