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• Rouble is losing positions again in pairing with USD and EUR [11/10/2011]
• NZD: New Zealand Dollar is descending [11/10/2011]
• AUD: sales of Australian Dollar do not subside [11/10/2011]
• JPY: Japanese Yen remains in the narrow trade range [11/10/2011]

AUD: Australian Dollar is successfully regaining from previous fall

At the Forex currency market the Australian Dollar rate is regaining successfully from the fall of the mid-week, supported by the generally quiet external background.

Forex forecast: MACD indicator is in the negative area for the pair AUD/USD; however it goes up, giving grounds for a pair buy signal. Stochastic Oscillator is not giving a clear signal today, being in the overbought zone.

Forex recommendations: off the market.

Feasible event scenario at Forex: in case of breakdown at the level of 0.9880 the pair will go to 0.9940 and 0.9980. If the level of 0.9810 is exceeded traders’ targets will become the levels of 0.9770 and 0.9720.

Australian macro-economic environment is uneventful today; news of secondary importance was published this morning: Index of expectations on consumer inflation in December: +2.8% against +3.1% in November.

Growth of AUD was caused by quiet external background and high oil prices. As for the domestic economic situation in the country; it remains almost unchanged.

Thus, GDP in Australia increased by 0.2% on quarterly basis in QIII; while analytics had expected the rise by 0.5%; the growth over last quarter positioned as the lowest over the last two years, therefore GDP dynamics seems to be descending. It became known earlier that retail sales in October amounted to-1.1% m/m against +0.1% in September and trade balance surplus in October was $2.625 billion. It also became known earlier that current account balance amounted to -?$7.83 billion in QIII against the forecast of -?$6.60 billion.

In addition, it became known earlier that retail sales in October amounted to-1.1% m/m against +0.1% in September; trade balance surplus in October was $2.625 billion. It also became known earlier that current account balance amounted to -?$7.83 billion in QIII against the forecast of -?$6.60 billion.
Interest rate in Australia is at the level of 4.75% per annum now.
 

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