AUD/USD banging its head on the ceiling, NFP could be the adjudicator By ross_burland AUDUSD DollarIndex Commodities Currencies
ion so far. At the time of writing, AID/USD is trading at 0.7508 and has chopped between 0.7502 and 0.7536 range so far. markets have been given another boost by the prospects of the Ukraine crisis dragging on for longer. The prospects of a cease-fire have been dashed by the latest comments by key officials involved in the war.
Indeed, on Wednesday, Russian forces bombarded the outskirts of Kyiv and the US administration had warned on Tuesday they were sceptical of Russia’s vow to curtail its military assault on Ukraine, ending the day with a note of caution after hours of peace talks between the two sides appeared to make some headway. bounced as doubts grew over Russia’s intentions in Ukraine. The Thomson Reuters CRB Index rallied 2.
''That said, we expect some of that boost to fizzle, though to a still firm job growth pace of +350k. Indeed, job gains should lead to a new drop in the unemployment rate to a post-COVID low of 3.7%. We also expect wage growth to slow to a still firm 0.3% MoM pace.''The price is testing the resistance in the daily chart but is yet to move in to mitigate that imbalance from the bullish rally on the daily . Therefore, the bears will be looking for a move to test at least 38.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD Price Analysis: Bears eye a run to test 0.74 the figureAUD/USD is stalling on the daily advance and the Net AUD short positions failed to hold all of the previous week’s moves according to the latest CFTC
Read more »
AUD/USD climbs above 0.7500 on softer DXY and upbeat Aussie Retail SalesThe AUD/USD pair is breaching its previous balanced profile in which the auctioning was placed in a narrow range of 0.7466-0.7519 on the upside. The p
Read more »
AUD/USD reached a YTD high, but profit-taking tumbled the pair below 0.7500The Australian dollar slumps from YTD highs around 0.7540 as market sentiment fluctuates courtesy of Russia – Ukraine’s woes, China’s Covid-19 outbrea
Read more »
AUD/USD Forecast: Bulls ready to take some profits out of the tableThe AUD/USD pair gapped lower at the weekly opening, closing the gap before resuming its slide. The pair ends the day with modest losses trading in t
Read more »
AUD/USD Price Forecast: Aussie Showing Signs of Fatigue, Commodity Peak?Earlier today Australian retail sales smashed estimates of a 1% increase on the January figure, coming out at 1.8%, resulting in a 9.1% year on year increase for the month of February. Get your market update from RichardSnowFX here:
Read more »
US Dollar Technical Forecast: USD/SGD, USD/PHP, USD/THB, USD/IDRThe US Dollar is seeing mixed performance against ASEAN currencies. The Philippine Peso may be at a turning point as the Thai Baht looks vulnerable. What are key levels to watch? Get your market update from ddubrovskyFX here:
Read more »