Here are the key factors to keep in mind today for Euro trades:
Italian Trade Balance: The Italian Trade Balance for August is predicted at a €6.210B. Forex traders can compare this to Italian Trade Balance for July which was reported at €7.631B.
Eurozone Construction Output: Eurozone Construction Output for August is predicted to decrease by 0.1% monthly and to increase by 0.8% annualized. Forex traders can compare this to Eurozone Construction Output for July which decreased by 0.7% monthly and which increased by 1.1% annualized.
Here are the key factors to keep in mind today for Australian Dollar trades:
Australian Employment Report: The Australian Employment Change for September was reported at 14.7K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for August which was reported at 37.9K. The Unemployment Rate for September was reported at 5.2%. Economists predicted a reading of 5.3%. Forex traders can compare this to the Unemployment Rate for August which was reported at 5.3%. 26.2K Full-Time Positions were created and 11.4K Part-Time Positions were lost in August. Forex traders can compare this to the loss of 13.2K Full-Time Positions and the creation of 51.1K Part-Time Positions which were reported in August. The Labor Force Participation Rate for September was reported at 66.1%. Economists predicted a reading of 66.2%. Forex traders can compare this to the Labor Force Participation Rate for August which was reported at 66.2%.
RBA FX Transactions: RBA FX Transactions for September were reported at A$602M. Forex traders can compare this to RBA FX Transactions for August which were reported at A$608M. RBA FX Government Transactions for September were reported at -A$658M and RBA FX Other Transactions were reported at -A$703M. Forex traders can compare this to RBA FX Government Transactions for August which were reported at -A$750 and to RBA FX Other Transactions which were reported at A$531M.
Should price action for the EURAUD remain inside the or breakdown below the 1.6300 to 1.6400 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.6330
Take Profit Zone: 1.6015 – 1.6075
Stop Loss Level: 1.6430
Should price action for the EURAUD breakout above 1.6400 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.6430
Take Profit Zone: 1.6545 – 1.6620
Stop Loss Level: 1.6400
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you trade with one of the most trusted MT4 forex brokers? Sign-up with PaxForex today and join one of the fastest growing trading communities in the forex market.
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We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
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Italian Trade Balance: The Italian Trade Balance for August is predicted at a €6.210B. Forex traders can compare this to Italian Trade Balance for July which was reported at €7.631B.
Eurozone Construction Output: Eurozone Construction Output for August is predicted to decrease by 0.1% monthly and to increase by 0.8% annualized. Forex traders can compare this to Eurozone Construction Output for July which decreased by 0.7% monthly and which increased by 1.1% annualized.
Here are the key factors to keep in mind today for Australian Dollar trades:
Australian Employment Report: The Australian Employment Change for September was reported at 14.7K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for August which was reported at 37.9K. The Unemployment Rate for September was reported at 5.2%. Economists predicted a reading of 5.3%. Forex traders can compare this to the Unemployment Rate for August which was reported at 5.3%. 26.2K Full-Time Positions were created and 11.4K Part-Time Positions were lost in August. Forex traders can compare this to the loss of 13.2K Full-Time Positions and the creation of 51.1K Part-Time Positions which were reported in August. The Labor Force Participation Rate for September was reported at 66.1%. Economists predicted a reading of 66.2%. Forex traders can compare this to the Labor Force Participation Rate for August which was reported at 66.2%.
RBA FX Transactions: RBA FX Transactions for September were reported at A$602M. Forex traders can compare this to RBA FX Transactions for August which were reported at A$608M. RBA FX Government Transactions for September were reported at -A$658M and RBA FX Other Transactions were reported at -A$703M. Forex traders can compare this to RBA FX Government Transactions for August which were reported at -A$750 and to RBA FX Other Transactions which were reported at A$531M.
Should price action for the EURAUD remain inside the or breakdown below the 1.6300 to 1.6400 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.6330
Take Profit Zone: 1.6015 – 1.6075
Stop Loss Level: 1.6430
Should price action for the EURAUD breakout above 1.6400 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.6430
Take Profit Zone: 1.6545 – 1.6620
Stop Loss Level: 1.6400
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you trade with one of the most trusted MT4 forex brokers? Sign-up with PaxForex today and join one of the fastest growing trading communities in the forex market.
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
The Reliability on all Assets in the Market
Trusted Worldwide for over a Decade
Live Multi-Lingual Online Support 24/5