USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Does the AUD stand a chance?
The Australian NAB Business Confidence indicator will be announced at 02:30 MT time on Tuesday.
Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY, AUD/CHF
Needless to say, Australia is not in the best company of circumstances now. Climate change keeps torturing the country by repeating statewide bushfires. At the same time, the coronavirus reduces the country’s most extensive source of trade income – China. No surprise, the last two monthly indicators were below 0, which means worsening economic conditions. Consequently, the AUD stands little chance against other currencies. Will the picture improve this week? Fundamentals say, unlikely. Still, there is always a factor of unexpected change. In the end, the market cannot know everything (if you like to know how well the market “knows” things, you can check our investigation on the Efficient Market Hypothesis).
- If the indicator is higher than predicted, the AUD will rise.
- If the indicator comes lower than the forecast, the AUD will fall.
Similar
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
May 2020 forex season trading
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
Latest news
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Deposit with your local payment systems
