AUD/USD - Daily Candle Chart One Touch 11th February 2010

For fixed odds trading this morning the currency to watch is the Aussie Dollar, which is already up by 1.5% in early trading,  with the Aussie vs Yen also up by a similar percentage at 1.30%. This dramatic move has also helped to drag the New Zealand dollar to the upside, with the NZD/USD currency trading up by 0.75%. The reason for the move higher was the release overnight of the Australian employment data, which came in well ahead of forecast at 52.7, and exceeding  analysts forecasts of 15.1 by some margin. This news coupled with the recent move by the Australian Government to remove its guarantee of banking deposits. has been seen by the markets as a signal that the worst of the recession is now over, and the these two news items have combined to produce the surge higher seen in the currency markets today. Whilst the AUD/USD remain well below the highs of 2009, this is nevertheless and encouraging signal for AUD/USD bulls, and my fixed odds trading tip for today is to bet that this pair will achieve a price of 0.94 in the next 55 days. If correct this bet will return 250%.

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