Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.


Fundamental Analysis from Paxforex

Recommended Posts

"Trade With Passion" is our motto.
We developed our broker for you with the passion for trading. We believe that you are one of those, who want only best trading conditions and who are passionate about Forex as we are.
We know all your trading needs and we will do our best to satisfy you with our service. We do not want to be your next "good" broker, we will be your the best trading experience you ever had.

GBPAUD Fundamental Analysis – September 10th 2019


Here are the key factors to keep in mind today for British Pound trades:

  • UK Jobless Claims Change and Claimant Count Rate: The UK Jobless Claims Change for August is predicted at 29.3K and the Claimant Count Rate is predicted at 3.2%. Forex traders can compare this to the UK Jobless Claims Change for July which was reported at 28.0K and to the Claimant Count Rate which was reported at 3.2%.
  • UK Employment Change, ILO Unemployment Rate and Average Weekly Earnings: The UK Employment Change for the tri-monthly period ending in July is predicted at 55K and the ILO Unemployment Rate is predicted at 3.9%. Forex traders can compare this to the UK Employment Change for June which was reported at 115K and to the ILO Unemployment Rate which was reported at 3.9%. Average Weekly Earnings for the tri-monthly period ending in July are predicted to increase by 3.7% annualized and Average Weekly Earnings Excluding Bonuses are predicted to increase by 3.7% annualized. Forex traders can compare this to Average Weekly Earnings for June which increased by 3.7% and Average Weekly Earnings Excluding Bonuses which increased by 3.9%.

Here are the key factors to keep in mind today for Australian Dollar trades:

  • Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 8th was reported at 113.3. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 1st which was reported at 114.4.
  • Australian NAB Business Conditions and Australian NAB Business Confidence: Australian NAB Business Conditions for August were reported at 1 and Australian NAB Business Confidence at 1. Forex traders can compare this to NAB Business Conditions for July which were reported at 3 and to Australian NAB Business Confidence which was reported at 4.
  • Chinese PPI and Chinese CPI: The Chinese PPI for August decreased by 0.8% annualized and the Chinese CPI increased by 2.8% annualized. Economists predicted a decrease of 0.9% and an increase of 2.7%. Forex traders can compare this to the Chinese PPI for July which decreased by 0.3% annualized and to the Chinese CPI which increased by 2.8% annualized.

Should price action for the GBPAUD remain inside the or breakdown below the 1.7920 to 1.8040 zone the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1.8000
  • Take Profit Zone: 1.7560 – 1.7700
  • Stop Loss Level: 1.8075

Should price action for the GBPAUD breakout above 1.8040 the following trade set-up is recommended:

  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1.8110
  • Take Profit Zone: 1.8335 – 1.8420
  • Stop Loss Level: 1.8040


audnzd_0 (1).jpg

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Topics

  • Posts

    • Thank yyou guys much needed
    • #analysis #forex #followme #socialtrading The #GBPUSD is trading at 1.2410 due to no positive Brexit developments and an on-going Parliament deadlock at the UK. The #UK #PM Boris Johnson’s Luxembourg visit failed to provide any key updates. The EU President criticized the Tory leaders’ depth of details while British Foreign Secretary Dominic Raab reiterated the PM”s pledge to leave on October 31 and also passing the bucket of criticism back to the EU. The #USD stays on the front foot as the recent rise in #safe-haven demand, mainly due to the attacks of Saudi Arabia, joins hands with optimism surrounding the US-China trade talks, up for early October. While the absence of data, except the US Industrial Production for August, is likely in support of carrying the previous move forward, any positive to the UK PM during the first day of hearings at the UK’s Supreme court could help the Cable recover some of its latest losses. #TechnicalAnalysis Unless providing a daily closing beyond 100-day simple moving average (DMA) level near 1.2510, the quote is less likely to rise towards mid-July highs surrounding 1.2580, which in turn highlights the importance of 1.2380 and 50-DMA level of 1.2280 during further declines.  
    • Another Best Broker award for HotForex! Dear Client, We are thrilled to announce that International Finance Awards has named HotForex the Best Forex & Commodities Broker in Latin America! A HotForex spokesman said: “This new award is an excellent addition to our 25+ existing awards and demonstrates our continued success in establishing ourselves as a market leader with global reach, committed to providing our clients with the best possible client-centric trading experience.” Thank you for all your support, and for choosing us as your broker of choice! Kind regards, The HotForex Team
    • #WeekAhead  #forex  #news  #followme  #socialtrading Hey friends! Happy new week. Here are the data highlights for this week: (GMT+8) Monday: 10:00      Chinese industrial production, fixed asset investment and retail sales     Tuesday: 09:30   RBA Meeting Minutes 17:00     German ZEW economic sentiment and 21:15     US industrial production   Wednesday 16:30     UK Consumer Price Index (YoY) (Aug) 20:30     Canada BoC CPI   Thursday: 02:00   US FOMC Economic Projections 02:00   US Fed's Monetary Policy Statement REPORT 02:00   US Fed Interest Rate Decision 02:30   US FOMC Press Conference SPEECH 06:45   AUD Gross Domestic Product (QoQ) (Q2) 09:30   AUD Employment Change s.a. (Aug) 09:30   AUD Unemployment Rate s.a. (Aug) 10:00   JPY BoJ Interest Rate Decision 10:00   JPY BoJ Monetary Policy Statement REPORT 14:00   JPY BoJ Press Conference SPEECH 19:00   UK BoE Asset Purchase Facility 19:00   UK BoE Interest Rate Decision 19:00   UK BoE MPC Vote Hike 19:00   UK Bank of England Minutes REPORT 19:00   UK BoE MPC Vote Cut 19:00   UK BoE MPC Vote Unchanged   Friday: 20:30   Canadian Retail Sales (MoM) (Jul)   #FederalReserve is expected to cut rate about 25-basis point. It would be a major shock if the Fed doesn’t deliver. But some, including Donald Trump, want more than just 25 basis points. In fact, the US President has called for “boneheads” Fed to cut rates to zero or lower in a tweet this week. Understandably, with US data not deteriorating as badly as, say, Germany, the Fed is reluctant to cut aggressively and rightly so. The risk therefore is that the Fed refuses to provide a dovish outlook for interest rates. In this potential scenario, a rate cut might only weigh on the dollar momentarily. With most other major central banks already being or turning dovish, the Fed will also need to be super dovish for the dollar to end its bullish trend. Otherwise, the greenback may find renewed bullish momentum, even if the Fed cuts by 25 basis points.     The #Swiss National Bank will have to say about the #ECB’s decision to resume bond buying, given the recent appreciation of the franc against the shared currency. The #BoJ is unlikely to respond to the #ECB’s resumption of bond buying. It may keep the current policy of controlling the yield curve. For one, the global economy hasn’t deteriorated too significantly to exacerbate deflationary pressures in the export-oriented Japanese economy. For another, the there’s only limited number of policy options left at the BoJ's disposal. Thus, cutting short-term interest rates further into the negative may be an option, but to be used on another occasion.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.