AUD/USD Pair Remains Pressured at 0.7200 Among Lively China GDP, Milder Retail and Risk-off State

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


AUD/USD penetrates an in-day low around 0.7195, down 0.25% on a day, following the release of China’s major economics during early Monday.

Adding to the mixed data, risk-off state and strong USD also sinks the market’s value.

Factors Affecting the Market

China’s last quarter GDP increased above 0.2% before and 1.1% estimates to 1.6% QoQ while the YoY numbers increased to 4.0% versus 3.6% expected and 4.9% last presentations.

Moving forward, Industrial production for last month (December) increased beyond 3.6% market agreement and 3.8% before to 4.3%. On the other hand, Retail Sales fell below 3.7% market estimates and 3.9% last reading to 1.7% during December.

The coronavirus anxieties and talks about the rate at which the Fed hikes contributed to the sinking of the pair price, majorly due to the perceived risk status.

While in Australia, the fourth successive day of reduced COVID infection was witnessed, with the latest recorded to be about 65,000. It should be noticed that  New South Wales recorded the highest daily COVID-related deaths on Friday of 29 deaths, which recently reduced to 17 deaths.

The Australian health authorities are confident that NSW will witness more reduction in its COVID-19 hospitalization in the coming week, as the state figures track “fairer scenario” forecasted.

Going by the early signs of the stronger US Treasury yield and risk-off state, AUD/USD value is likely to continue being pressured, but a pale calendar for US bank holidays will restrain the market movement.

You can purchase crypto coins here: Buy coins

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.