Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
EUR/USD surged sharply after weaker-than-expected US jobs data raised bets on earlier Fed rate cuts. June payrolls rose just 180,000 vs. 220,000 forecast, and the unemployment rate ticked up to 4.2%. Investors reacted swiftly, pushing the dollar lower and lifting the euro, as markets price in a more dovish Fed stance amid signs of slowing US labor momentum.
EUR/USD surged sharply after weaker-than-expected US July payrolls data increased bets on earlier Federal Reserve rate cuts. Slower job growth and a rising unemployment rate fueled dollar weakness as markets reassess the Fed’s tightening path. Investors now watch closely for further signals on US labor resilience and monetary policy.
EUR/USD surged sharply after weaker-than-expected U.S. jobs data raised bets on upcoming Fed rate cuts. The softer payroll numbers signaled slowing labor market momentum, triggering dollar weakness and boosting the euro as markets price in a more dovish Fed outlook.
EUR/USD surged above 1.1000 as July’s US jobs data disappointed, showing slower payroll gains, rising unemployment, and softer wage growth. Investors are now pricing in a higher chance of Federal Reserve rate cuts amid signs the labor market is cooling. Meanwhile, stronger eurozone data supports the euro’s advance. Markets are adjusting expectations for monetary policy in both regions accordingly.
EUR/USD spikes as US July jobs data misses forecasts, sparking bets on Fed rate cuts. Weaker payrolls and revised lower figures fuel dollar decline and push euro higher. Market eyes upcoming US data for clues on Fed’s next moves. #Forex #EURUSD #Fed
AUD/USD slips as softer US jobs data sparks bets on RBA easing. Despite weak NFP suggesting earlier Fed cuts, Aussie comes under pressure amid growing expectations that the Reserve Bank of Australia will pivot to a dovish stance. Domestic outlook drives the pair lower amid mixed global signals.
Certainly, the AUD/USD pair remains under pressure this week, struggling to break above key resistance near 0.6700 amid ongoing risk-off sentiment and divergent central bank policies. Technical charts suggest the prevailing downtrend is intact, with critical support clustered around 0.6600 and 0.6450. Monitoring macroeconomic data and Fed/RBA guidance will be crucial, as a break below these levels could accelerate bearish momentum, while a sustained move above 0.6750 may signal a corrective rebound. (Analysis based on insights from ActionForex.com, DailyFX, and Investing.com)
AUD/USD faced renewed selling pressure last week, closing near key support at 0.6570 amid broad USD strength and cautious risk sentiment. Technical indicators remain bearish as the pair struggles below 20- and 50-day EMAs. Diverging monetary policies—with the Fed maintaining patience and the RBA pausing tightening—alongside softer Chinese data and commodity price fluctuations, add further downside risk. For a comprehensive weekly outlook and detailed analysis, see insights from ActionForex.com.
AUD/USD remains under pressure this week after failing to breach resistance near 0.6700. Key support at 0.6500 is critical—holding here could stabilize the pair, while a break below may target 0.6450 and 0.6385. Technical indicators show bearish momentum, with the 200-week MA capping upside. Watch for risk sentiment shifts and US Dollar strength influencing near-term moves.
Major currency pairs showed mixed performances as traders awaited key central bank announcements. The US dollar held steady amid cautious sentiment, while the euro softened on weaker Eurozone data and dovish ECB bets. The pound gained amid resilient UK indicators but faced policy uncertainty. Meanwhile, the yen remained pressured by BoJ’s loose policy stance. Overall, market caution persists ahead of upcoming rate decisions. #Forex #CurrencyMarkets #CentralBanks
