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

AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP

AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP

AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release. 

AUD/USD News

USD/JPY finds its highest bids since 1990, near 155.50

USD/JPY finds its highest bids since 1990, near 155.50

USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday. 

USD/JPY News

Gold price treads water near $2,320, awaits US GDP data

Gold price treads water near $2,320, awaits US GDP data

Gold price recovers losses but keeps its range near $2,320 early Thursday. Renewed weakness in the US Dollar and the US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold price stays vulnerable amid Middle East de-escalation, awaiting US Q1 GDP data. 

Gold News

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.

Read more

Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidance Premium

Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidance

This must be "opposites" week. While Doppelganger Tesla rode horrible misses on Tuesday to a double-digit rally, Meta Platforms produced impressive beats above Wall Street consensus after the close on Wednesday, only to watch the share price collapse by nearly 10%.

Read more

Majors

Cryptocurrencies

Signatures