The Australian dollar wasn’t impressed by the local NFP report that showed a bit higher than expected employment gain but also a rise in the unemployment rate. The AUDUSD rate dropped to 0.6625, the weakest level since early 2009. This seems to be a combination of overall USD strength as well as concerns regarding the impact of the coronavirus on the Australian economy.
Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...
17:15USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,”...
16:15Wall Street is going back to cautious as strong labour market data and status-quo-reaffirming remarks from Fed’s Chair Jerome Powell push back the...
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