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AUD/USD Trading - US retail sales - 15 Sep 2016

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AUD/USD Trading - US retail sales - 15 Sep 2016
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The Aussie has stopped declining and traded in a range.

Yesterday Australia published Westpac consumer sentiment index for September, which fell from 2.0% to 0.3% while the forecast was 1.0%.

Today, Australia has published the labor data for August.

Officially the unemployment fell from 5.7% to 5.6%, but due reducing of economically active population (64.7% vs. 64.9% in July). The number of unemployed increased by 3.9K. The expected inflation rate of MI decreased from 3.5% to 3.3%.

Commodity markets continue falling. The iron ore fell to 57.25 dollars. The Brent oil lost 1.3 dollars.
Today, it is worth to pay attention to the US data. The core retail sales are expected to rise by 0.2%, the Core PPI is expected at 0.1%. The industrial production is expected to decline by 0.3%. The Philadelphia Fed Manufacturing Index may drop from 2.0 to 1.1 points. Even the number of jobless claims is expected to increase from 259K to 262K.

However, any positive US statistics will put pressure on the "Aussie".

How to trade binary

We would buy Call options if the pair rises above 0.7490. We would buy Put options if the pair falls below 0.7430.

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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