Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for December increased by 3.7% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for November which increased by 3.7% annualized.
- Australian Employment Report: The Australian Employment Change for November was reported at 61.6K. Economists predicted a figure of 19.0K. Forex traders can compare this to the Australian Employment Change for October which was reported at 7.8K. The Unemployment Rate for November was reported at 5.4%. Economists predicted a reading of 5.4%. Forex traders can compare this to the Unemployment Rate for October which was reported at 5.4%. 41.9K Full-Time Positions were created in November and 19.7K Part-Time Positions were created. Forex traders can compare this to the creation of 31.0K Full-Time Positions and the loss of 23.2K Part-Time Positions which were reported in October . The Labor Force Participation Rate for November was reported at 65.5%. Economists predicted a reading of 65.1%. Forex traders can compare this to the Labor Force Participation Rate for October which was reported at 65.2%.
- Chinese Industrial Production: Chinese Industrial Production for November increased by 6.1% annualized. Economists predicted an increase of 6.1% annualized. Forex traders can compare this to Chinese Industrial Production for October which increased by 6.2% annualized.
- Chinese Retail Sales: Chinese Retail Sales for November increased by 10.2% annualized. Economists predicted an increase of 10.3% annualized. Forex traders can compare this to Chinese Retail Sales for October which increased by 10.0% annualized.
- Chinese Fixed Assets ex Rural: Chinese Fixed Assets ex Rural for November increased by 7.2% annualized. Economists predicted an increase of 7.2% annualized. Forex traders can compare this to Chinese Fixed Assets ex Rural for October which increased by 7.3% annualized.
Here are the key factors to keep in mind today for Swiss Franc trades:
- Swiss Producer Import Prices: Swiss Producer Import Prices for November increased by 0.6% monthly and by 1.8% annualized. Forex traders can compare this to Swiss Producer Import Prices for October which increased by 0.5% monthly and by 1.2% annualized.
- Swiss National Bank Sight Deposit Interest Rate: The Swiss National Bank Sight Deposit Interest Rate was reported at -0.75%. Economists predicted a reading of -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate which was reported at -0.75%. The SNB 3-Month Libor Lower Target Range was reported at -1.25% and the SNB 3-Month Libor Upper Target Range was reported at -0.25%. Economists predicted a figure of -1.25% and of -0.25%. Forex traders can compare this to the previous NB 3-Month Libor Lower Target Range of -1.25% and to the SNB 3-Month Libor Upper Target Range of -0.25%.
Should price action for the AUDCHF remain inside the or breakout above the 0.7540 to 0.7580 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 0.7560
- Take Profit Zone: 0.7700 – 0.7720
- Stop Loss Level: 0.7515
Should price action for the AUDCHF breakdown below 0.7540 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 0.7510
- Take Profit Zone: 0.7425 – 0.7450
- Stop Loss Level: 0.7560
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
