Everest Fortune Group | Daily Analysis: 27 May 2019
23594
post-template-default,single,single-post,postid-23594,single-format-standard,ajax_fade,page_not_loaded,,select-theme-ver-4.6,wpb-js-composer js-comp-ver-5.5.5,vc_responsive
 

Daily Analysis: 27 May 2019

Daily Analysis: 27 May 2019

AUD

 

Fundamental Analysis

(27th May): AUD found support late Thursday after softer than anticipated US manufacturing data sparked concerns that the US-China trade war is actively slowing growth prospects within the world’s largest economy. Reports showed manufacturing activity hit near decade lows in May, a read compounded by a slow down in orders for capital goods on Friday. Strong Australian commodity prices are also providing some support for the Aussie. However upside could be limited as China’s manufacturing PMI is likely to deliver more negative news on China’s economy this Friday. This makes a good time to find an entry to short the AUD.

 

 

Technical Analysis

USD

Fundamental Analysis

(27th May): AUD found support late Thursday after softer than anticipated US manufacturing data sparked concerns that the US-China trade war is actively slowing growth prospects within the world’s largest economy. Reports showed manufacturing activity hit near decade lows in May, a read compounded by a slow down in orders for capital goods on Friday. Strong Australian commodity prices are also providing some support for the Aussie. However upside could be limited as China’s manufacturing PMI is likely to deliver more negative news on China’s economy this Friday. This makes a good time to find an entry to short the AUD. … 

ACCESS RESTRICTED
Our comprehensive daily reports covers both technical and fundamental analysis, and are customised to your requirements.

To get access to our full report, fill in the form below below.

 

I want this report to:

Distribute to my clients
Distribute to my clients
Help my own trading
Help my own trading

Our comprehensive daily reports cover a wide range of Forex majors, Metals, Indices and Cryptocurrencies.

We will be in touch shortly to customise a report based on your trading style & portfolio.

 

 

  • Include country code