AUD/USD - Long-term trend is Short. The sentiment is also Short. The price is bellow the EMAs. It`s risky to open new short positions in the moment because of the double bottom. Crossing price below 0.75328 will give us a good signal for input.
At 3:30 p.m. will be published the data on retail sales in the US. The expectations are that their total value has risen by 1% in March from the previous month, when declined by 0.6%. Stronger growth would support the dollar.
Also at 3:30 p.m. will be exported data for manufacturing inflation in the US. The forecast is for growth of 0.2% in March than the previous month. Stronger rise in the index of producer prices would be in favor of the dollar.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.