AUD Trading Outlook (14-02-2013)
Australian Dollar (AUD) the Aussie was strong making a run at large stop above 1.0360 before finding the sellers camped just above the level and falling back 1.0340 in Asian trade today. The AUD/JPY and EUR/AUD are the main crosses moving daily with buyers on the AUD/JPY fighting the EUR/AUD uptrend sellers. Looking ahead, BOJ Rate Announcement forecast to hold at 0.1% but attention will be on the statement and press conference with outgoing BOJ Governor Shirakawa. UPDATE Q4 Japanese GDP forecast at -0.1% vs. -0.9% GDP previously Q/Q.
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