Australian Dollar Outlook
The key day in economic data this week will be Thursday with August’s job data. Economists are expecting a further slight rise in Australia’s unemployment rate.
Also look out for the House Price Index on Tuesday and the Westpac Leading Index on Wednesday.
The following companies are in trading halts and are expected out in the next two trading days:
Dimerix (ASX:DXB) – phase 2 clinical study results
Saturn Metals (ASX:STN) – capital raising
Stellar Resources (ASX:SRZ) – capital raising
Middle Island Resources (ASX:MDI) – clarification
Kina Securities (ASX:KSL) – capital raising
Holista CollTech (ASX:HCT) – subsidiary and strategic partnership
Jindalee Resources (ASX:JRL) – capital raising
Pursuit Minerals (ASX:PUR) – ASX query response
Pacific American Holdings (ASX:PAK) – capital raising
iCandy Interactive (ASX:ICI) – capital raising
De Grey Mining (ASX:DEG) – capital raising
Blackstone Minerals (ASX:BSX) – capital raising
AUD/US Dollar Exchange Rate
Today’s Forex Rates
AUD/US Dollar FX Polls
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.74.
The projected lower bound is: 0.72.
The projected closing price is: 0.73.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 61.9403. This is not an overbought or oversold reading. The last signal was a sell 8 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 55.83. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -22. This is not a topping or bottoming area. The last signal was a sell 8 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 5 period(s) ago.
Rex Takasugi – TD Profile
FOREX AUD= closed down -0.000 at 0.728. Volume was 90% below average (consolidating) and Bollinger Bands were 18% narrower than normal.
Open High Low Close Volume 0.727 0.729 0.726 0.728 8,601
Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 0.73 0.72 0.68 Volatility: 10 10 15 Volume: 73,822 81,140 81,633
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX AUD= is currently 7.7% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.
Our volume indicators reflect volume flowing into and out of AUD= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AUD= and have had this outlook for the last 2 periods.