Forex news for Asia trading Monday 14 March 2016
Monday:
Weekend:
More:
Weekend data from China (a miss on industrial production and retail sales, while a beat on fixed asset investment) gave us an early morning dip on the AUD/USD. This shows up as a ‘gap’ on many charts and, as I have said before numerous times (too often to mention, but here I go again) a small gap against the trend on an early Monday morning is a strong candidate for a filling in. AUD/USD has since traded to a fresh trend high and above last week’s highs. The strength looks set to continue.
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