AUD/USD bulls could be about to throw in the towel, but the 38.2% Fibo is key By ross_burland AUDUSD Currencies DollarIndex Fed NFP
fell and bond yields rose as strong US manufacturing and job openings data reinforced the need for aggressive Fed funds rate hikes. The US 10-year yield lifted 9.3bps to 2.937%. As such, the high beta currency was pressured before rebounding in the midday session of New York.
''Not only did the data show a healthy 0.8% q/q lift in GDP , but based on our calculations, non-farm average hourly earnings lifted 5.3% y/y in Q1 – an acceleration from 3.3% previously. While these earnings data can be volatile and thrown around by compositional issues, the print was still much higher than we were expecting to see,'' the analysts explained.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD Price Analysis: Drops to fresh daily low around mid-0.7100s, 38.2% Fibo. levelAUD/USD Price Analysis: Drops to fresh daily low around mid-0.7100s, 38.2% Fibo. level By HareshMenghani AUDUSD RiskAppetite Fed Technical Analysis Currencies
Weiterlesen »
Gold Price Analysis: XAU/USD bears are moving in from a weekly 38.2% Fibo resistanceAt $1,839.80, the gold price is down by some 0.85% on the day as the US dollar attempts to correct from the lowest levels since the last trading week
Weiterlesen »
AUD/USD Price Analysis: The bulls are up against a firmer US dollar in TokyoAs per the pre-open analysis at the start of this week, AUD/USD Price Analysis: Bulls move into a critical area on H4 charts, eye a run to the 0.7250/
Weiterlesen »
Euro Price Forecast: Is the EUR/USD Bear Market Rally Coming to an End?The euro has enjoyed some much needed respite since mid-May after extended long positioning on the U.S. dollar faded. Get your market update from WVenketas here:
Weiterlesen »