mercredi 14 janvier 2015
AUD$ waiting on Jobs data
Posted on 16:53 by nice news
The currency markets were hectic today, with the World Bank 2015 growth outlook, the European Court of Justice's green-light decision for the ECB to go ahead with QE, the weak US retail sales and another big move in the oil market, all providing room for some decent volatility. Most currency pairs have ended up roughly where they started and the focus will now turn to a fair bit of secondary EZ/US data, headed by the US PPI. Before then, the Australian Jobs data is due, with a soft reading likely to increase the speculation of an RBA rate cut, keeping the Aud uner pressure.
After getting beaten up in Asia yesterday, in falling to 0.8067 on the back of the big sell-off in copper prices, which in turn was not helped by the World Bank downgrading the 2015 global growth forecast to 3.0% from 3.4%, the Aud made a partial recovery to around 0.8100 heading into Europe. Things improved further for the Aud after the poor US Retail Sales, allowing a quick spike up to 0.8180 and after some choppy trade the Aud has settled the late US session at around 0.8145.
Today's focus will be on the local jobs data where the headline unemployment rate is expected to remain unchanged at 6.3%, while jobs created are supposed to be about flat, following on from the November rise of 42K.
The longer term trend thou
After getting beaten up in Asia yesterday, in falling to 0.8067 on the back of the big sell-off in copper prices, which in turn was not helped by the World Bank downgrading the 2015 global growth forecast to 3.0% from 3.4%, the Aud made a partial recovery to around 0.8100 heading into Europe. Things improved further for the Aud after the poor US Retail Sales, allowing a quick spike up to 0.8180 and after some choppy trade the Aud has settled the late US session at around 0.8145.
Today's focus will be on the local jobs data where the headline unemployment rate is expected to remain unchanged at 6.3%, while jobs created are supposed to be about flat, following on from the November rise of 42K.
The longer term trend thou
AUD$ waiting on Jobs data
Categories: AUD$ waiting on Jobs data
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