AUD/USD Nosedives After Employment Report

Key Highlights The Aussie Dollar declined sharply below the 0.6980 support level against the US Dollar. AUD/USD traded below a major bullish trend line with support at 0.6955 on the 4-hours chart.Australia’s unemployment rate remained at 5.2% in May 2019, whereas the market was looking for a drop to 5.1%.The US Initial Jobless Claims for the week ending June 08, 2019 coul...
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EURAUD Remains Elevated Post AUS Employment Report

Key Highlights Euro surged higher this week against the Aussie Dollar, as the latter one got hammered due to risk off sentiment. EURAUD climbed towards 1.4950-60 where it found sellers and currently correcting lower. Chinese Consumer Price Index is released by the National Bureau of Statistics of China remained flat at 0% in June 2015 whereas the market was expecting a ...
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Aussie Dollar Surges as Employment Report Beats Forecast

Key Highlights Aussie dollar climbed sharply higher during the Asian session as the employment report released in Australia exceeded the market expectation. Australian Employment Change released by the Australian Bureau of Statistics posted an increase of 37.7K, compared to the forecast of 15K in March 2015. Australian unemployment rate dropped to 6.1% in March whereas ...
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