EMPLOYMENT DATA COULD PROVIDE VOLATILITY
Hello Friends! I bring you today’s analysis for the AUDUSD pair
Investors are still on the fix on an unexpected hawkish RBA. With Employment data released tomorrow bulls will be on the look out for that report. Employment is expected to report job additions in the total labor force at 30k higher than prior at 17.5k. Unemployment Rate may improve to 3.9% against prior of 4%
The AUDUSD pair has experienced a correction in the early Asian Session as the risk on impulse loses strength. A lighter calendar this week for the USD could have the pair rebound from the 0.70 level considering Tuesday was a bearish day. Strength in the USD can be said to be advancing due to the 50bps hike expected in May. The Fed is said to be focused on stabilizing price to manage economy sooner as soaring inflation is hurting the paychecks in households.
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
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Investors are still on the fix on an unexpected hawkish RBA. With Employment data released tomorrow bulls will be on the look out for that report. Employment is expected to report job additions in the total labor force at 30k higher than prior at 17.5k. Unemployment Rate may improve to 3.9% against prior of 4%
The AUDUSD pair has experienced a correction in the early Asian Session as the risk on impulse loses strength. A lighter calendar this week for the USD could have the pair rebound from the 0.70 level considering Tuesday was a bearish day. Strength in the USD can be said to be advancing due to the 50bps hike expected in May. The Fed is said to be focused on stabilizing price to manage economy sooner as soaring inflation is hurting the paychecks in households.
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
And please don’t forget to support this idea with your likes and comments
