AUDUSD Turns Bearish as Retail Sales Value in United States is Expected to Rise

AUDUSD – Technical Analysis for US binary Options

Australia – House Price Index

On Tuesday, at GMT 12:30 a.m., the Australian Bureau of Statistics will release the House Price Index (HPI), which measures the changes in the selling price of houses in the 8 state capitals in Australia.

Since rising house prices indicate that investors are confident about purchasing houses and vice-versa, it can US binary options traders consider the HPI to be a leading indicator of investor confidence in the country. The HPI is usually released every three months in a quarter-over-quarter format.

Last month, the Australian HPI suggested that house prices in Australia’s 8 state capitals have increased by 1.9% and the forecast for this month is set at an additional increase of 0.6%.

United States – Retail Sales

On Thursday, at GMT 1:30 p.m., the US Census Bureau will release the national month-over-month retail sales figure, which measures the changes in the total value of all sales made at the retail level in the country over the past month.

Retail sales data are considered by binary options investors to be the primary gauge of consumer spending and confidence. This is because when consumers are confident about their future financial situation, they tend to spend more.

Last month, the US retail sales value increased by 0.2% and the forecast for this month is that it would likely increase by an additional 0.3%.

AUDUSD Forecast

AUDUSD Analysis for US Binary options brokers

After breaking below the uptrend line on November 3, the AUDUSD mostly traded sideways, but last week, it formed a bearish pin bar on December 5 and broke below the support level around 0.7535. However, the 0.7500 level kept the AUDUSD from going further South.

As the Australian House Price Index is expected to increase at a slower pace this month compared to last month, but the retail sales figure is expected to increase over the last month to 0.3%, we believe it would set a bearish fundamental outlook for the AUDUSD this week. Therefore, if the AUDUSD closes below the support near 0.7500, it would likely attract additional bearish momentum in the market.

Hence, US binary options traders should look out for trading opportunities below this major support level around 0.7500.

BTCUSD Forecast for Crypto Trading Brokers

BTCUSD Analysis for Crypto trading brokers - 11th December 2017

BTCUSD penetrated the 17000-mark last week, but the bullish momentum soon faded away and the leading Cryptocurrency soon started a major correction that pushed the price below $13,200 level by the end of the week. However, after being rejected near the lower Bollinger Band, the BTCUSD once again gathered ample bullish momentum to break above the $15000 level, and it is currently trading just below the resistance near the 15990 level.

Given the strong bullish momentum in the market, if the BTCUSD price closes above the 15900 – 16000 level this week, it will likely attract additional bullish momentum in the market. Hence, US Crypto trading investors should look for buying opportunities above this major resistance level near the 15990 level.

Top 3 US Binary Options Brokers to trade BTCUSD and AUDUSD

Top Bitcoin Broker: RaceOption

Good Broker: BinaryCent

BitBot Pro

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