Forex: AUD/USD directionless after +0.5% Australia Q3 GDP
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AUD/USD
FXstreet.com (Barcelona) - The AUDUSD has had a muted reaction to Australia's Q3 GDP figures so far, after the country's growth came at +0.5% vs +0.6% prior/0.6% expectations. YoY +3.1%, seasonally adjusted.
AUDUSD is still captured in semi-comatose moves between 1.0485 and 1.0463 in the early going of the Asian session. According to FXWW Founder Sean Lee, intraday stops are building above 1.0490" although he also points at "talk of solid sell orders between 1.0500/20."
According to ABS "industries that drove growth in the September quarter were Mining, Manufacturing and Health. Mining contributed 0.4%." Consumption and capital formation were up in the quarter, terms of trade dropped by about 4%, while disposable income was reduced 0.7%.
AUDUSD is still captured in semi-comatose moves between 1.0485 and 1.0463 in the early going of the Asian session. According to FXWW Founder Sean Lee, intraday stops are building above 1.0490" although he also points at "talk of solid sell orders between 1.0500/20."
According to ABS "industries that drove growth in the September quarter were Mining, Manufacturing and Health. Mining contributed 0.4%." Consumption and capital formation were up in the quarter, terms of trade dropped by about 4%, while disposable income was reduced 0.7%.
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