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 20/06/2016

Global macro analysis for 20/06/2016:

According to the Australian Bureau of Statistics, the Australian employment change advanced in May up to a seasonally adjusted 17.9k, up from the 10.8k in April. Analysts has been forecasting only a 15.0k increase, so the estimates were beaten by this outstanding data. Moreover, the unemployment rate in Australia remained unchanged at 5.7%, in line with market participants' expectations. In conclusion, this king of employment data might suggest that record-low interest rates proved to be highly useful as the other branches of the job market (except for the mining industry) are absorbing more unemployed people.

Let's now take a look at the AUD/USD technical picture on the daily time frame. The bulls have managed to break out above the golden trend line and then successfully tested it from above. Currently they are in control over this market and might challenge technical resistance at the level of 0.7504 again. In case of a bullish breakout, the next technical resistance is seen at the level of 0.7833.

analytics576786c687101.jpg

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