07.08.2014 - Data on unemployment has led to the fall of the Australian dollar

The price of the Australian dollar sharply changed direction and began to decline after the publication of negative statistics on the labor market in Australia. Thus, the unemployment rate unexpectedly increased by 0.4% in July, up to 6.4%, while the number of employed people decreased by 0.3 thousand. As a result, the prices reached the target level of 0.9280 and broke through it. Fixing the price below this mark is a signal to open short positions with the closest targets at 0.9220 and 0.9100. We recommend holding short positions and maintain a medium-term negative outlook with the target of about 0.8900.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.