The state of the Asian market: the Australian is under pressure

The Australian dollar weakened at the beginning of the day based on data on retail sales in Australia, which declined significantly in September. Read more about the news of the market https://esterholdings.com/en/category/novosti-rinka/. This news was particularly acute because of the recent flat data on real estate in Australia.

The pair AUD/USD remains in the short-term uptrend and is limited in the decrease by 0.7670 and 0.7650. But the general downward trend confirms the possibility of further decline.

At the auctions in Asia, the American currency remains very low-key, despite the publication of Trump’s tax reform plans and the appointment of Powell as head of the US Federal Reserve. These news were met by the market in a cold manner because of the numerous rumors and leaks. In addition, the market has completely switched to the forthcoming report on employment in the US, which promises to be very ambiguous. More information about expectations regarding the US employment report is available here .

Hanzenko Anton