- US Industrial Production expanded 1.3% in the month of November from the same period last year. Another little sign the US economy is continuing to gain strength.
- The RBA Minutes from its December meeting are due out today at 11.30am AEDT so expect some increased volatility on the AUD at that time. Traders will be eager to see what the RBA committee discussed and whether or not there was any discussion or hints about a cut in the official cash interest rate in 2015. If this was the case the AUD will quickly slide lower.
- In case you are wondering if the tragic events that unfolded in Sydney yesterday and overnight impacted financial markets the answer is yes. The AUD yesterday morning around 10am local time dropped around 25 ticks and continued to make a new low in price throughout the day. The AUDUSD traded as low as 0.82005.
LTG GoldRock Director Andrew Barnett provides FX Market Analysis in the Daily GoldRock Insider Report. Register for the next LTG Goldrock Live Trading Room Session from www.ltggoldrock.com
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