Forex - AUD/USD, AUD/JPY Flows: AUD up on employment rise, down on jobless rate rise


Published at 01:56 (GMT) 09 Jul


AUD/USD, AUD/JPY Flows: AUD up on employment rise, down on jobless rate rise (GEPC7301)

Australia June emplopyment +15,900, vs 12,000 expected. Full time employment -3,800.

Australia unemployment rate up at 6.0%, vs 5.9% expected.

On FX, AUD/USD spiked to 0.9459 highs form 0.9430-35 on the rise in employment. Before coming off to 0.9419-20 on the rise in unemployment rate to 6.0% and also the fall in full time jobs. As all jobs growth in part time. AUD/USD offers now at 0.9450-60, with focus likely on the unemployment rate portion. Markets to sell AUD again.

AUD/JPY up at 95.80-85 from 95.70-75, then down at 95.52-55 on the unemployment rate rise. Eye break of 95.20/95.00 again. AUD/NZD down at 1.0660-70 now, with focus on downside risks as Kiwi hit near post float high of 0.8840-42 - at 0.8839 highs. WL

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.

EUR/USD News

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.

GBP/USD News

Gold keeps its daily gains near $2,350 following US inflation

Gold keeps its daily gains near $2,350 following US inflation

Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Majors

Cryptocurrencies

Signatures