{"id":134468,"date":"2018-09-27T10:41:52","date_gmt":"2018-09-27T14:41:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134468"},"modified":"2018-09-27T06:55:41","modified_gmt":"2018-09-27T10:55:41","slug":"au200-analysis-improving-australian-data-bullish-for-au200","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/au200-analysis-improving-australian-data-bullish-for-au200\/","title":{"rendered":"AU200 Analysis – Improving Australian data bullish for AU200"},"content":{"rendered":"
September 27, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Improving Australian data bullish for AU200<\/strong><\/p>\n

August leading economic indicator edged up in Australia, a signal of accelerating growth. Will the AU200 <\/a> recovery continue?<\/p><\/blockquote>\n

The Reserve Bank of Australia left the interest rate at 1.5% and signaled a steady policy ahead at its September 4 meeting. It forecast inflation increase for 2019 and 2020, and the central forecast is for the growth of the Australian economy to average a bit above 3% in 2018 and 2019. In the first half of 2018 the economy is estimated to have grown at an above-trend rate. Recent economic data were positive: the Westpac-Melbourne Institute Leading Economic Index in Australia rose by 0.1% over month in August after a flat reading in July. The index is used for predicting economic growth conditions and signals accelerating growth of Australian economy. Positive Australian data is bullish for AU200.<\/p>\n

\"AU200<\/p>\n

On the daily timeframe AU200: D1 <\/b> is retracing higher following the decline after hitting 11-year high in the end of August. The price had fallen below the 50-day moving average MA(50) but is about to test it now.<\/p>\n