Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of April 21st was reported at 119.5. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of April 14th which was reported at 115.3.
- Australian Skilled Vacancies: Australian Skilled Vacancies for March decreased by 1.5% monthly. Forex traders can compare this to Australian Skilled Vacancies for February which decreased by 1.2% monthly.
- Australian CPI: The Australian CPI for the first-quarter was reported flat at 0.0% quarterly and increased by 1.3% annualized. Economists predicted an increase of 0.2% quarterly and of 1.5% annualized. Forex traders can compare this to the Australian CPI for the fourth-quarter which increased by 0.5% quarterly and by 1.8% annualized. The RBA Trimmed Mean CPI for the first-quarter increased by 0.3% quarterly and by 1.6% annualized. Economists predicted an increase of 0.4% quarterly and of 1.7% annualized. Forex traders can compare this to the RBA Trimmed Mean CPI for the fourth-quarter which increased by 0.5% quarterly and by 1.8% annualized. The RBA Weighted Median CPI for the first-quarter increased by 0.1% quarterly and by 1.2% annualized. Economists predicted an increase of 0.4% quarterly and of 1.6% annualized. Forex traders can compare this to the RBA Weighted Median CPI for the fourth-quarter which increased by 0.4% quarterly and by 1.6% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
- Japanese Corporate Service Price Index: The Japanese Corporate Service Price Index for March increased by 1.1% annualized. Economists predicted an increase of 1.1% annualized. Forex traders can compare this to the Japanese Corporate Service Price Index for February which increased by 1.1% annualized.
- Japanese All Industry Activity Index: The Japanese All Industry Activity Index for February decreased by 0.2% monthly. Economists predicted a decrease of 0.2% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for January which was reported flat at 0.0% monthly.
- Japanese Leading Index and Japanese Coincident Index: The Final Japanese Leading Index for February was reported at 97.1 and the Final Japanese Coincident Index was reported at 100.4. Forex traders can compare this to the previous Japanese Leading Index for February which was reported at 97.4 and to the previous Japanese Coincident Index which was reported at 98.8.
Should price action for the AUDJPY remain inside the or breakout above the 78.300 to 78.950 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 78.600
- Take Profit Zone: 80.700– 81.150
- Stop Loss Level: 77.900
Should price action for the AUDJPY breakdown below 78.300 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 77.800
- Take Profit Zone: 75.250 – 75.950
- Stop Loss Level: 78.300
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