The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

12.02.2015 - Rising unemployment has led to a fall in of the Australian dollar

The price of the Australian dollar has shown a strong decline after the release of statistics on the labor market in the country. Thus, the unemployment rate rose by 0.3% in January to 6.4%. Analysts had expected the growth rate to the level of 6.2%. At the same time, the number of employed people decreased by 12.2 thousand. It is worth noting that investors expect future statements of the Reserve Bank of Australia, which may lead to increased downward price movement. Earlier, the RBA lowered the interest rate by 0.25% to 2.25%. The Australian dollar continues to be under the pressure of low commodity prices, the reduction in imports in China, the deterioration on the labor market and the fall in investment in the mining sector. We recommend holding short positions with the target at 0.7500.

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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