HomeForex MarketDay by day Foreign exchange Information and Watchlist: AUD/USD

Day by day Foreign exchange Information and Watchlist: AUD/USD

A scarcity of top-tier U.S. knowledge releases means we gotta pay extra consideration to risk-taking!

How is AUD/USD’s chart trying forward of RBA’s coverage determination?

Earlier than transferring on, ICYMI, I’ve listed the potential financial catalysts that you should be careful for this week. Examine them out earlier than you place your first trades at the moment!

And now for the headlines that rocked the markets within the final buying and selling classes:

Recent Market Headlines & Financial Knowledge:

AU MI inflation gauge up by 1.1% in Might vs. 0.1% downtick in April

AU ANZ job advertisements up by 0.4% vs. 2.0% drop in April

Caixin companies exercise data a 3rd straight month-to-month contraction, up from 36.2 to 41.4 in Might

Reuters: Biden to difficulty a 24-mo waive on photo voltaic panel tariffs from Cambodia, Malaysia, Thailand, and Vietnam

Beijing reopens eating places, lifts COVID restrictions in most areas

Saudi Arabia hikes oil costs sharply, sending US crude futures as much as a 3-month excessive

British PM Boris Johnson to face no-confidence vote from Conservative get together between 6-8 pm native time

Shares, USD agency forward of price conferences, crude hits $120

German, French, and Swiss markets are out on financial institution vacation
U.Okay. BPC retail gross sales monitor at 11:01 pm GMT
Japan’s family spending and common money earnings at 11:30 pm GMT
RBA’s coverage determination at 4:30 am GMT

Use our new Foreign money Warmth Map to rapidly see a visible overview of the foreign exchange market’s worth motion! 🔥 🗺️

What to Watch: AUD/USD

AUD/USD 1-hour Foreign exchange Chart

It’s shaping as much as be a danger sentiment kinda day because the U.S. isn’t scheduled to print main knowledge releases whereas the German, French, and Swiss markets are out on financial institution holidays.

If Asian session buying and selling was any clue, then merchants really feel like taking dangers after a better-than-expected U.S. NFP report put a Fed price hike pause on the desk.

It additionally helped that China is reopening its financial system additional beginning with much less COVID restrictions in Beijing.

Can merchants maintain the risk-taking vibes within the subsequent buying and selling classes?

AUD/USD has simply bounced from the .7200 main psychological deal with that lined up with a pattern line and 100 SMA help on the 1-hour timeframe.

Continuation of risk-taking, together with the pricing in of a 0.40%-interest price hike from the Reserve Financial institution of Australia (RBA) would possibly push AUD/USD to its June highs.

Be careful for bearish information, although! If the intraday uptrend that we’re seeing hits a pause or will get knocked down, then pattern continuation followers can look to the 1-hour chart’s pattern line help for potential entry zones.

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