The Australian inflation data rewarded us with 130 pips

Posted Wednesday, April 27, 2016 by
Skerdian Meta • 1 min read

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

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments