Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 03 - 05:55 AM

AUD/USD - Respects Monday's High Before US NFP Data

By Rob Howard  —  May 03 - 04:50 AM
  • AUD/USD has respected its 0.6565-0.6585 Asia range since the European open

  • 0.6585 is two pips shy of Monday's peak (highest level since April 10)

  • US jobs report due at 1230 GMT: April NFP f/c at 243k; jobless rate f/c 3.8%

  • NFP miss might inflate AUD/USD through 0.6600 (0.6644 was April high)

  • Support points below 0.6565 include 0.6540 (Wednesday's high) and 0.6500

  • 36 of 37 economists expect RBA rate hold on May 7; one forecasts 25 bps hike

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!