The antipodean central banks are seemed to do pretty well with the weak currency. Aren’t they?
Banks’ preview: NFP, unemployment rate and average hourly earnings
The consensus expectation for the US NFP – 178K jobs. That is stronger than the 138K in May. A number like that (or any other number above 118K) will probably not deter the FED from their planned path. An additional hike is still expected this year as well as a run-off of the QE.
Our expectations in brief: the jobless rate is unchanged at 4.3%; average hourly earnings picking up slightly from 0.2% to 0.3%; probably weaker jobless claims.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...