Low volatility market leaves Aussie-Dollar flat around around 0.6583 .
A good end to the trading week, AUD/USD is up to 0.6583, after closing yesterday at zero. Overall, a 0% move or 6,583 pips this week. (Trade Aussie-Dollar with FXTM now).
Aussie-Dollar upside coincides with further encouraging market factors as new Retail Sales data from Australia matched market expectations with a reading of 1.9% -- a positive step in contrast to previous data of -4% from last month. Unemployment Rate in United States fell short of market expectations (3.4) with a reading of 3.6, continuing the decline from the previous figure of 3.4.
Nevertheless, highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.
At the same time, Australia Interest Rate released Tuesday with a figure of 3.6, while the previous figure was 3.35. Australia CFTC AUD speculative net positions released today at 20:30 UTC with a figure of -24,800, while the previous figure was -28,100.
Outlook for rest of the week: Positive indicators for Aussie-Dollar are expected going forward as Australia Employment Change is projected to outperform its last figure with 48,500. It previously stood at -11,500; data will be released Thursday.
Furthermore, the market is looking at Australia NAB Business Confidence (Feb) is expected Tuesday. Australia Unemployment Rate is projected to outperform its last figure with 3.6. It previously stood at 3.7; data will be released Thursday.
