The Australian inflation data rewarded us with 130 pips


The Australian quarterly CPI numbers came out at -0.2% while the expectations were at 0.3%. The trimmed mean CPI missed the expectations as well; they were expected at 0.5% but instead, the number were 0.2%. That hurt the Australian Dollar and it fell about 150 pips overnight. We had a long term sell forex signal in AUD/USD which we opened around 0.7750s, so we just closed it for a nice 130 pip profit. 

AUD/USD tumbled nearly 150 pips after the inflation data for the first quarter missed the expectations

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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