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Forex Recap & Ranges: Aussie at 4 Week High

Posted by Akhilesh Ganti on Feb 10, 2014 10:35:00 PM

Australia's House Price index rose to +3.4% for the last quarter which was higher than both estimates of +3.2% and last quarter's revised +2.4%. NAB Business Confidence index also came out stronger as it posted a reading of +8 while Australian Home Loans fell to -1.9% -vs- forecasts of +0.9%. AUD/USD surged as it breached 0.9000 before running out of steam at 0.9017. Janet Yellen's first semi-annual Humphrey-hawkins testimony before Congress is due out a bit later in the US session and, while most expect her to stay the course with regards to FED policy, the Q&A could provide comments that could generate market volatility.

Ranges:{WWM's New ALPHA Trader-DAILY charts [EUR,GBP,AUD,YEN,GOLD,OIL,WallStreet]}(click to enlarge)
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