FX markets saw some heightened activity during Thursdays trading session driven by a big influx of US Dollar strength. The broader DXY Index spiked 0.65% to its highest level since 14 May as the US Dollar felt buying pressure across the board of major currency pairs. US Dollar strength was notable against the Aussie in particular with AUD/USD plunging 93-pips on the day.To get more news about WikiFX, you can visit wikifx.com official website.
AUD/USD price action trades well below the 0.7700-handle now, which appears to provide confirmation of the bearish head and shoulders pattern we flagged two weeks ago. This could suggest AUD/USD is primed to weaken further, though it will likely be important to keep tabs of the fundamental drivers catalyzing the move.
The Australian Dollar has faced fresh headwinds recently amid dovish RBA rhetoric while the US Dollar has seen waves of demand due to mounting Fed taper risk.Not to mention, IG Client Sentiment data on AUD/USD trader positioning alludes to potential for more follow-through to the downside as well.
Nevertheless, outlook for AUD/USD and the broader US Dollar likely hinges on the upcoming release of nonfarm payrolls and how the monthly jobs report sways the Fed taper debate. NFPs are scheduled to cross market wires Friday, 04 June at 12:30 GMT. As such, overnight US Dollar implied volatility readings have perked up quite a bit.
Notably better-than-expected NFP data would likely correspond with broad-based US Dollar strength. On the other hand, if NFPs miss consensus forecast, the US Dollar could whipsaw back lower as bears look to fade recent strength. Ultimately, I will be keeping an eye out for the direction of Treasury yields as a positively-correlated bellwether to where USD price action heads next.
البحث
Liên Hệ Quảng Cáo
الأقسام
- Nghệ thuật
- Khiếu nại và Tố cáo
- Lắp ráp và Chế tạo
- Khiêu vũ
- Nước uống
- Phim ảnh
- Tài năng
- Đồ ăn
- Trò chơi và Đồ chơi
- Vườn và Trại
- Sức khỏe
- Bất động sản
- Văn học
- Âm nhạc
- Mạng lưới
- أخرى
- Bữa tiệc
- Tôn giáo
- Mua sắm
- Thể thao
- Rạp phim
- Dịch vụ
إقرأ المزيد
L'IA dans le marché de la construction : nouvelles technologies et partenariats industriels parmi les points forts d'un marché en expansion en 2031
Le marché de l'IA dans la construction a été...
Chicken Run Sequel - Netflix's 'Dawn of the Nugget
Twenty years following the release of the beloved film 'Chicken Run,' Netflix introduces...
https://www.facebook.com/ONE-SHOT-KETO-107121514957499
OneShot Keto is a breakthrough new weight reduction tool that helps your body safely lose...
How to Level Up Fast in World of Warcraft Classic
World of Warcraft Classic is a nostalgic nightmare. Running through the old, familiar plains...
Insurance App Development Services : key technological features
TechQware, a leading IT solutions company, has recently released a report titled “Insurance...