Australian construction index upbeat, another sign economy improving

FXstreet.com (Barcelona) - The Australian AiG Performance of Construction Index for September came in significantly improved at +47.6 vs +43.7 in August, an upbeat read which follows last week's improvements in both manufacturing and services PMI. Earlier on the session, we published an article highlighting early tentative signs of a stronger Australian economic recovery. Today's AiG construction data helps to reinforce that notion.

Oct 7, 2013

GBP/JPY on strenuous fight to recover the 156 zone below EMA20

GBP/JPY gave up four critical zones at 159, 158, 157 and 156 within days on pound’s slacking performance and yen’s strengthening due to the US political crisis bursting risk aversion across the board.

AUD/JPY, aligned for glory?

AUD/JPY contains yen’s strengthening on safe-haven status amid the US political shutdown and after the release of positive Australian results boosting a bullish market sentiment that gains momentum.