AUD/USD approaches the 20-day SMA as the USD tumbles

The AUD/USD soared by 0.60% to the 0.6465 level, mainly driven by a USD weakness fueled by poor labour market figures from the US and markets conseque

ntly betting on sooner rate cuts by the Federal Reserve . On the AUD’s side, investors await housing data from Australia from July to be released Wednesday and the monthly ConsumerThe USD took a hit after the US Job Openings and Labor Turnover Survey declined to 8.82 million, lower than the market's expectations of 9.465 million.

Probabilities show that markets are still betting on high chances of a 25 bps hike in November but have pushed back rate cuts by the Federal Reserve from July to June. Based on the daily chart, AUD/USD maintains a neutral to bullish technical perspective, indicating that the bulls are making strides in regaining control.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

FXStreetNews /  🏆 14. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Forex analysis: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD [Video]Watch the video for the key trading levels for the week ahead for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD.
Consulte Mais informação »

EUR/USD rises above the 200-day SMA as the USD consolidatesIn Monday’s session, the USD is trading weak against most of its rivals, mainly driven by a slight consolidation and a risk-positive market environmen
Consulte Mais informação »

GBP/USD advances to 1.2625 on softer USD, remains below 100-day SMA support breakpointThe GBP/USD pair gains some positive traction for the second successive day on Tuesday and recovers further from its lowest level since June 13, aroun
Consulte Mais informação »

AUD/USD stays defensive near 0.6400 amid mixed concerns about China, Australia Retail Sales eyedAUD/USD struggles begins the trading week on a defensive mode around 0.6400 as it justifies the mixed clues surrounding major customer China ahead of
Consulte Mais informação »

When is Australia Retail Sales and how could it affect AUD/USD?Early Monday, around 01:30 AM GMT, the market sees preliminary readings of Australia's seasonally adjusted Retail Sales for July month. Market consens
Consulte Mais informação »

AUD/USD rebound prods 0.6430 resistance amid firmer Australia Retail Sales, China stimulus newsAUD/USD rises half a percent to around 0.6440 as it prods the key upside hurdle after witnessing upbeat Australia Retail Sales. Adding strength to the
Consulte Mais informação »