The market sentiment improved amid the slowdown in virus cases. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Australian jobs data
|The Australian dollar is highly volatile. As the Reserve Bank of Australia does not aim at rate hikes, the Australian currency needs a support. Last time jobs data were not supportive. If this time the number of employed people rises and the unemployment rate goes down, traders can expect the AUD to strengthen. The Australian employment change and the unemployment rate will be released at 4:30 MT time on May 17.|
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…