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AUD/USD Trading - Australian home loans - 09 Sep 2016

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AUD/USD Trading – Australian home loans - 09 Sep 2016
5/5 of 2 ratings

The Aussie has weakened under the additional pressure of commodity markets.

The iron ore descended to 57.47 dollars per ton, the non-ferrous metals retreated from the local highs.

This morning the "Aussie" has received new batch of negativity.

In July, the home loans fell by 4.2% vs. -1.5%, the invest housing finance amounted to 0.5% against 3.2% a month earlier.

The Chinese consumer price index gained 0.1% in August against expectations of 0.3% and the annualized CPI dropped from 1.8% to 1.3% while waiting for 1.7%. Producer prices rose from -1.7% to -0.8%.

In general, the Aussie is descending without any psychological factors.

How to trade binary

We would buy put options form the current level.

Expiry time: 20:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.

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