Trading news

AUD jumped after job data

AUD approaches the strong resistance at 0.7185. What may happen next?

Fundamental overview

Today Australia reported that 114 700 its citizens found jobs in July. That numbers beat all estimates, as analysts anticipated only 30 000. Analysts may set such a low forecast because Australia was suffering from the fresh virus resurgence, especially its state Victoria. Australian unemployment rate exceeded expectations too: 7.5% vs predicted 7.8%.

As a result, the Australian dollar surged. Moreover, vaccine hopes and decreasing new virus cases improved the market sentiment and underpinned the risky aussie. Do you know that Australia is the second largest producer of gold after China? Last year Australia produced the record amount of yellow metal. Therefore, if the USD gets weaker and the gold price rises further, the AUD may become the best performer on the Forex market.

1597322534-77792247dfb92d8a1910c0d72fd89ccb-1200x1200-q90v3

 

Click here to find out the technical tips for trading AUD/USD! 

LOG IN

 

FBS Review

Thursday, 13 Aug, 2020 / 2:04

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://fbs.com/analytics/articles/aud-jumped-after-job-data-26254

Trading news

 

Stocks lick wounds; pound tumbles on lockdown fears

  Selloff in equities eases but sentiment still subdued amid virus [...]

Posted on Tuesday, 22 Sep, 2020 / 9:56 under

DOW weighed down amid fresh lockdown worries – DOW JONES Market Outlook – 22/09/2020

Global equities tanked on fresh lockdown worries across Europe and possible [...]

Posted on Tuesday, 22 Sep, 2020 / 8:19 under

1.17 is the line in the sand for the Euro – EUR/USD Market Outlook – 22/09/2020

The bearish pressure on the Euro is mounting as price is currently trading [...]

Posted on Tuesday, 22 Sep, 2020 / 8:18 under