Optimism faded, gold surged
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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. |
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Busy day ahead! Get ready with us!
The ECB statement and US unemployment claims will be out today. How the market will react?
Risk-on is back
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
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USD starts the week with gains
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
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