MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Global macro overview for 22/09/2015

Global macro overview for 22/09/2015:

The house price index in Australia released earlier today showed big increase in house prices. The market expected a 2.5% q/q (8.0% y/y) increase from 1.6% q/q (6.9% y/y) last quarter, but the actual reading was 4.7% q/q (9.8% y/y). This means increasing inflationary pressure in the economy of Australia, which in its return applies pressure on the RBA's decision about the interest rates in the near future.

The AUD/USD pair reversed from the resistance area between the levels of 0.7234 and 0.7284. Now it is heading back into the golden channel. First important daily support comes at the level of 0.6905.

audusd.jpg

The material has been provided by InstaForex Company - www.instaforex.com