Talking Points:
- AUD/USD looks vulnerable if NFPs pull forward Fed bets
- US NFPs in focus ahead as the market remains subdued in anticipation .
- US holiday Monday complicating outlook for currencies The AUD/USD is trading sideways, around 0.7550 at the time of writing, after the pair managed to find support at the 0.75 handle.
Looking ahead, Fed rate hike expectations are at center stage as we approach the August NFPs, with the Aussie looking vulnerable if the report pulls forward rate hike bets. Against this backdrop we will form our outlook and look to find short term trading opportunities using different tools such as the Grid Sight Index (GSI) indicator.
- AUD/USD looks vulnerable if NFPs pull forward Fed bets
- US NFPs in focus ahead as the market remains subdued in anticipation .
Looking ahead, Fed rate hike expectations are at center stage as we approach the August NFPs, with the Aussie looking vulnerable if the report pulls forward rate hike bets. Against this backdrop we will form our outlook and look to find short term trading opportunities using different tools such as the Grid Sight Index (GSI) indicator.
- August US Non-farm Payrolls hits the wires 12:30 GMT.
- Expectations are for a 180K jobs increase, down from the 255K prior number.
0 comments:
Post a Comment