Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for July increase 0.6% monthly and 4.7% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for June, which increased 0.8% monthly and 4.0% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Australian consumer confidence decreased slightly, but business confidence managed to increase which boosted the Australian Dollar. Forex traders started to grow anxious about the state of the phase one US-China trade deal, as issues remain. The AUDNZD managed to remain inside its resistance zone, what is next for this currency pair, will bulls overrun resistance or will bears make a stand? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

New home loans as well as investment lending in Australia increased above expectations for July which added bullish momentum to the Australian Dollar. June’s data was also revised higher. China reported a smaller than expected trade surplus for August as exports posted a surprise contraction while imports decreased. This was largely due to a sharp contraction in exports to the US as a result of the trade war the Trump administration intensified over the past few weeks.

Here is the key factor to keep in mind today for Australian Dollar trades:

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

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

Here is the key factor to keep in mind today for Australian Dollar trades:

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

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