What is wrong with AUD? Despite better then expected GDP (much better), and china service PMI. It lost all the gains and is below. In recent days this is the big trend,first spike and then lose all in the very next candle (bubble in forex !!!!???). Making us to rely on prediction and not on fundamentals or technicals. Many traders find it difficult to adjust its position on this, also trading cannot always be done on predictions. Are we losing the importance of data ???. I guess Few moves can support this. Best of Luck to all traders..
Australia Q4 GDP data showed a gain of 0.8%, above expectations for a gain of 0.7% quarter-on-quarter and also rose 2.8% at an annual apce, compared to expectations of 2.5% year-on-year.
Earlier, Australia's AI Group Services Index rose 5.8 points to 55.2 in February, moving into expansion for the first time since January 2012
Australia Q4 GDP data showed a gain of 0.8%, above expectations for a gain of 0.7% quarter-on-quarter and also rose 2.8% at an annual apce, compared to expectations of 2.5% year-on-year.
Earlier, Australia's AI Group Services Index rose 5.8 points to 55.2 in February, moving into expansion for the first time since January 2012
