Aussie rallies to 1.0762 after Employment Data - FX Solutions Market Update, 7th July 2011

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Date: Wed, 20 Jul 2011 Time: 11:45 PM
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Chris Advincula, Chief Market Analyst at FX Solutions (http://www.fxsolutions.com/), provides forex traders with an overview of currency market activity and news on 5th July 2011.

"The Australian Dollar rallied 50 points to 1.0740 after the better-than-expected Australian June Employment data which rose to +23,400 against the median forecast of 15,000 compared to +7,800 in May.

The Employment Rate came out unchanged at 4.9% as expected.

On a related note, the U.S. June Nonfarm Payroll due this Friday, the consensus estimate is +110,000 (Prev: +54k).

The 30-day exponential moving average rose from 1.0695 to 1.0740."

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About FX Solutions

FX Solutions is a leading foreign exchange broker with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions' products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more information, please visit www.fxsolutions.com www.fxsol.co.uk and www.fxsolutions.com.au