Spread Betting

Australian Dollar Could Breakout

Posted on April 30, 2010 by James

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

 

In early trading this morning, the currency markets are generally quiet with the exception of the Aussie dollar which is pushing higher on the back of strong housing and credit data.

The AUD/ JPY held its ground well recently and looks set for another attack on the ¥87.50 level.

The latest bank of Japan rate statement is due at 07.00 so keep your eyes peeled for the reaction in the yen.

Other announcements of note today include the Swiss KOF economic barometer at 10.30, followed by Canadian and then US GDP figures at 13.30.

 

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.

1 Trackbacks/Pingbacks

  1. 30 04 10 14:59

    Austy


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