The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
My views on $AUDUSD and $AUDJPY ahead of tomorrow's webinar where we'll take a deeper look at each
Australian Dollar cautiously lower after mixed AU 3Q GDP data. Growth y/y was 1.7% (as expected) but q/q was 0.4% vs 0.5% expected. Q2 GDP on both periods were revised little higher, making Q3 outcomes relatively less impressive $AUDUSD $AUDJPY $AUDNZD $AUDCAD https://t.co/tqrusj4LNN
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005.