Australian dollar Analysis January 30

The AUD rose on news business conditions in the country bounced back to +4 in December from -3 in November, signalling a possible turnaround for the economy. Focus now will be on the Reserve Bank of Australia’s policy meeting on 4 February.

US: Across the Atlantic, the US calendar gets.....

US: Across the Atlantic, the US calendar gets underway at 1358GMT, with the
release of the January flash Markit Services PMI data. US data continues at
1500GMT, with the release of the December New Home sales data.

AUSSIE: MNI Fundamental levels

AUSSIE:  Fundamental levels (orders, options, technicals)
$0.8850 Medium offers
$0.8820 Medium offers
$0.8800 Offers on approach
$0.8750 Medium offers
$0.8720/30 Minor offers ($0.8721 - US high Fri)
$0.8738 Intraday high Europe, Asia $0.8736

AUD Up, Turkish Lira Down

The AUD ticked up after China reported growth figures were pretty much in line with estimates. 4Q GDP came in at 7.7% on-year, beating consensus forecast for a 7.6% number. China is Australia’s largest trading partner.