Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
A chance for the Australian dollar
Australia will publish the employment change and unemployment rate on July 18, at 4:30 MT time.
The jobs data is important as it shows the economically active number of people. The indicator of employment change represents the change in the number of employed people during the previous month. As for the unemployment rate, it is the percentage of the total workforce that is unemployed. Last time, the level of employment change showed a great increase. It advanced by 42.3 thousand jobs (vs the forecast of 16 thousand jobs). The Australian dollar rose on the release. At the same time, the unemployment rate remained unchanged. Will the situation change?
• If the employment change is higher and the unemployment rate is lower than the forecasts, the AUD will go up;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the AUD will go down.
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Will the indicators bring chance to the USD bulls?
The United States will publish the indicators of retail sales and core retail sales on October 16, at 15:30 MT time.
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Latest news
Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Will the indicators bring chance to the USD bulls?
The United States will publish the indicators of retail sales and core retail sales on October 16, at 15:30 MT time.
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