AUDJPY Fundamental Analysis – October 1st 2018

AUDJPY Fundamental Analysis – October 1st 2018

Written by: PaxForex analytics dept - Monday, 01 October 2018 0 comments

Here are the key factors to keep in mind today for Australian Dollar trades:

  • Chinese PMI: The Chinese Non-Manufacturing PMI for September was reported at 54.9 and the Chinese Manufacturing PMI at 50.8. Economists predicted a figure of 54.0 and of 51.2 Forex traders can compare this to the Chinese Non-Manufacturing PMI for August which was reported at 54.2 and to the Chinese Manufacturing PMI which was reported at 51.3. The Chinese Composite PMI for September was reported at 54.1. Forex traders can compare this to the Chinese Composite PMI for August which was reported at 53.8.
  • Chinese Caixin Manufacturing PMI: The Chinese Caixin Manufacturing PMI for September was reported at 50.0. Economists predicted a figure of 50.5. Forex traders can compare this to the Chinese Caixin Manufacturing PMI for August which was reported at 50.6.
  • Australian AiG Performance of Manufacturing Index: The Australian AiG Performance of Manufacturing Index for September was reported at 59.0. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for August which was reported at 56.7.
  • Australian TD Securities Inflation: Australian TD Securities Inflation for September increased by 0.3% monthly and by 2.1% annualized. Forex traders can compare this to Australian TD Securities Inflation for August which increased by 0.1% monthly and by 2.1% annualized.

Here are the key factors to keep in mind today for Japanese Yen trades:

  • Japanese Tankan Survey: The Tankan Large Manufacturers Index for the third-quarter was reported at 19. Economists predicted a figure of 22. Forex traders can compare this to the Tankan Large Manufacturers Index for the second-quarter which was reported at 21. The Tankan Large Manufacturers Outlook for the third-quarter was reported at 19. Economists predicted a figure of 20. Forex traders can compare this to the Tankan Large Manufacturers Outlook for the second-quarter which was reported at 21. The Tankan Large Non-Manufacturers Index for the third-quarter was reported at 22. Economists predicted a figure of 23. Forex traders can compare this to the Tankan Large Non-Manufacturers Index for the second-quarter which was reported at 24. The Tankan Large Non-Manufacturers Outlook for the third-quarter was reported at 22. Economists predicted a figure of 21. Forex traders can compare this to the Tankan Large Non-Manufacturers Outlook for the second-quarter which was reported at 21. The Tankan Small Manufacturers Index for the third-quarter was reported at 14. Economists predicted a figure of 13. Forex traders can compare this to the Tankan Small Manufacturers Index for the second-quarter which was reported at 14. The Tankan Small Manufacturers Outlook for the third-quarter was reported at 11. Economists predicted a figure of 12. Forex traders can compare this to the Tankan Small Manufacturers Outlook for the second-quarter which was reported at 12. The Tankan Small Non-Manufacturers Index for the third-quarter was reported at 10. Economists predicted a figure of 6. Forex traders can compare this to the Tankan Small Non-Manufacturers Index for the second-quarter which was reported at 8. The Tankan Small Non-Manufacturers Outlook for the third-quarter was reported at 5. Economists predicted a figure of 4. Forex traders can compare this to the Tankan Small Non-Manufacturers Outlook for the second-quarter which was reported at 5. The Japanese Tankan Large All Industry Capex Index for the third-quarter increased by 13.4% quarterly. Economists predicted an increase of 13.9% quarterly. Forex traders can compare this to the Japanese Tankan Large All Industry Capex Index for the second-quarter which increased by 13.6% quarterly.
  • Japanese Nikkei Manufacturing PMI: The Final Japanese Nikkei Manufacturing PMI for September was reported at 52.5. Forex traders can compare this to the previous Japanese Nikkei Manufacturing PMI September which was reported at 52.9.
  • Japanese Vehicle Sales: Japanese Vehicle Sales for September decreased by 3.1% annualized. Forex traders can compare this to Japanese Vehicle Sales for August which decreased by 0.2% annualized.

Should price action for the AUDJPY remain inside the or breakout above the 81.750 to 82.700 zone the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 82.200
  • Take Profit Zone: 84.150– 84.450
  • Stop Loss Level: 81.250

Should price action for the AUDJPY breakdown below 81.750 the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 81.500
  • Take Profit Zone: 78.600 – 79.600
  • Stop Loss Level: 82.200

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.