D1 price was reversed from primary bullish to the primary bearish with the nearest support level as 0.9278.
is located inside Ichimoku cloud above Sinkou Span A line which is indicating the secondary ranging correction within primary bullish market condition.
is ranging between 0.9274 support and 0.9335 resistance levels with primary bearish.
D1 price will break 0.9278 support level on close bar so the primary bearish will be continuing.If not so we may see ranging market condition.
UPCOMING EVENTS (high/medium impacted news events which may be affected on AUDUSD price movement for this coming week)
2014-08-04 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - Retail Sales]
2014-08-04 23:30 GMT (or 01:30 MQ MT5 time) | [AUD - AIG Services Index]
2014-08-05 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - Trade Balance]
2014-08-05 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Services PMI]
2014-08-05 04:30 GMT (or 06:30 MQ MT5 time) | [AUD - Cash Rate]
2014-08-05 14:00 GMT (or 16:00 MQ MT5 time) | [USD - ISM Non-Manufacturing PMI]
2014-08-06 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Trade Balance]
2014-08-06 23:30 GMT (or 01:30 MQ MT5 time) | [AUD - AIG Construction Index]
2014-08-07 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - Employment Change]
2014-08-07 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
2014-08-08 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - RBA Monetary Policy Statement]
2014-08-08 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - Home Loans]
SUMMARY : bearish
TREND : ranging
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.08.02 10:26
newdigital, 2014.08.04 09:16
if actual > forecast = good for currency (for AUD in our case)
[AUD - Retail Sales] = Change in the total value of sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Australia Retail Sales Rebound In June; Exceed Expectations
Australia's retail sales recovered more than expected in June, data from the Australian Bureau of Statistics showed Monday.
turnover rebounded by a seasonally adjusted 0.6 percent month-on-month
in June following the 0.3 percent decline in May. Economists had
expected a 0.3 percent rebound in sales.
Sales of household goods grew the most, by 1.7 percent in June following the 0.2 percent increase in May.
Clothing, footwear and personal accessory sales recovered by 1.4 percent, after the 2.8 percent drop in May.
Other retail sales also rebounded in June, by 0.9 percent. This follows the 0.3 percent fall in May.
AUDUSD M5 : 16 pips range price movement by AUD - Retail Sales news event :
newdigital, 2014.08.02 17:59
AUDUSD Fundamentals (based on dailyfx article)
The Australian Dollar faced heavy selling pressure last week, with
prices dropping through the bottom of a range that contained price
action since the beginning of June. The force behind the move lower
came from external factors: an impressively strong second-quarter US
GDP figure and an easing of the FOMC’s concern about persistently low
inflation hinted Janet Yellen and company may move swiftly to raise
rates after the QE3 asset purchase program is wound down in October.
The recovery may prove short-lived however as domestic factors return
to the spotlight. The RBA monetary policy announcement seemingly ought
to take top billing, but officials are unlikely to offer up anything
unheard of in recent months. Another restatement of the commitment to
hold rates unchanged for the foreseeable future may force a pause in
the Aussie’s recovery, but the likelihood of another strong push lower
will probably hinge on July’s employment figures. A net jobs gain of
13,200 is expected, marking a slowdown from the previous month’s 15,900
increase. Furthermore, Australian economic data has increasingly
underperformed relative to consensus forecasts since mid-April, opening
the door for a downside surprise. Such a result is likely to extend
the perceived length of the standstill on the monetary policy front,
undermining yield-based support for the Aussie and forcing prices lower
forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.08.05 06:23
2014-08-05 01:45 gmt (or 03:45 mq mt5 time) | [cny - hsbc services pmi]
if actual > forecast = good for currency (for aud in our case)
[cny - hsbc services pmi] = level of a diffusion index based on surveyed purchasing managers in the services industry. it's a leading indicator of economic health - businesses react quickly
to market conditions, and their purchasing managers hold perhaps the
most current and relevant insight into the company's view of the economy.
china services pmi slides to flat in july
the services sector in china slipped to no change in july, the
latest survey from markit economics revealed on tuesday in its latest
performance of service index - which came in with a score of 50.0.
that's down from 53.1 in june.
a score below 50 signals contraction in a sector, while a reading above 50 means expansion.
metatrader trading platform screenshots
audusd, m5, 2014.08.05
metaquotes software corp., metatrader 5, demo
audusd m5 : 12 pips price movement by cny - hsbc services pmi news event
newdigital, 2014.08.05 09:12
[AUD - Cash Rate] = interest rate for overnight money market deposits. short term interest rates are the paramount factor in currency valuation
- traders look at most other indicators merely to predict how rates
will change in the future
The Reserve Bank of Australia left its key interest rate unchanged
once again at record-low as policymakers reiterated their thinking that
the most prudent course is likely to be a period of stability in
The monetary policy board governed by Glenn
Stevens decided to keep the cash rate unchanged at 2.50 percent as
widely expected. The rate has been at the current historic-low level
since August 2013.
The RBA has reduced its benchmark rate by a cumulative 225 basis points since November 2011 to help the economy sustain the economic growth amid fading support from the mining boom.
Martin, an Asia economist at Capital Economics, said rate hikes are a
long way off. If the RBA does make a change within the next six months,
it is likely to be a rate cut.
AUDUSD M5 : 26 pips range price movement by AUD - Cash Rate news event :
newdigital, 2014.08.03 21:01
If not so we may see ranging market condition.
MetaTrader Trading Platform Screenshots
AUDUSD, D1, 2014.08.06
MetaQuotes Software Corp., MetaTrader 5, Demo
newdigital, 2014.08.07 09:50
[AUD - Employment Change] = Change in the number of employed people during the previous month. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity
Australia Jobless Rate Climbs To 6.4%
The unemployment rate in Australia was a seasonally adjusted 6.4
percent in July, the Australian Bureau of Statistics said on Thursday -
touching a decade high.
The headline figure was well shy of expectations for 6.0 percent, which would have been unchanged from the June reading.
The Australian economy lost 300 jobs to 11,576,600 versus forecasts for an increase of 13,200 jobs after gaining 15,900 in the previous month.
Full-time employment increased 14,500 to 8,077,400 and part-time employment decreased 14,800 to 3,499,200.
But the participation rate inched higher to 64.8 percent, beating forecasts for 64.7 percent, which would have been unchanged.
increased 43,700 to 789,000. The number of unemployed persons looking
for full-time work increased 21,900 to 566,400 and the number of
unemployed persons only looking for part-time work increased 21,800 to
AUDUSD, M5, 2014.08.07
AUDUSD M5 : 52 pips price movement by AUD - Employment Change news event
newdigital, 2014.08.08 06:20
[AUD - Home Loans] = Change in the number of new loans granted for owner-occupied homes. It's a leading indicator of demand in the housing market - most homes
are financed, so it provides an excellent gauge of how many qualified
buyers are entering the market
The total number of home loans in Australia was up a seasonally
adjusted 0.2 percent on month in June, the Australian Bureau of
Statistics said on Friday - standing at 52,153.
That was shy of
forecasts for an increase of 0.6 percent following the downwardly
revised 0.1 percent decline in May (originally called flat).
The value of loans added 1.8 percent on month to A$17.070 billion, following the 0.7 percent contraction in May.
Investment lending dipped 0.3 percent on month to A$10.678 billion after falling 0.9 percent in the previous month.
AUDUSD, M5, 2014.08.08
AUDUSD M5 : 29 pips price movement by AUD - Home Loans news event