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Forex technical analysis: AUDUSD GDP to be released in the new trading day

Discussion in 'Technical Analysis' started by ForexLive, May 31, 2016.

  1. ForexLive

    ForexLive Forum Member

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    China Manufacturing PMI will also be an influence The Australian GDP for the 1Q will be released at 0130 GMT/9:30 PM ET with the expectations that QoQ growth was 0.8% while YoY came in at 2.8%. This compares to 0.6% for the 4Q and 3.0% YoY. Yesterday, the Net exports component of GDP was released and it added 1.1% to GDP vs 0.7% estimate. The median estimate for GDP was 0.6%. It has been bumped up on the data. The AUDUSD rallied strongly on the news.

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