by SignalFactory · September 19, 2019 | 06:40:03 UTC
the heaviest slump in more than a month, AUD/USD retraces some of the losses as
it bounced off a 21-day exponential moving average (EMA) while taking rounds to
0.6830 during early Thursday morning Asia.
Aussie pair followed the market reaction to the US Federal Reserve’s subdued
rate cut. The US Dollar (USD) surged across the board even after the Federal
Open Market Committee (FOMC) matched market-wide expectations of a 0.25% rate
cut. The reason being no such announcements are being expected for the rest of
2019, against one more rate cut anticipated by the markets, coupled with a lack
of agreement about the decision among the policymakers. The quarterly economic
forecasts were held mostly unchanged while Chairman Jerome Powell held his view
that the present alteration is insurance against ongoing risks and not the
beginning of a rate cut cycle.
will now focus on August month Employment Change and Unemployment Rate figures
for fresh impulse while also taking clues from trade/political headlines and
the US data for the rest of the day. The seasonally adjusted Employment Change
and Unemployment Rate from Australia might disappoint the Aussie bulls as the
forecast suggests a reduction in the formed to 10.0K from 41.1K earlier with an
increase in the later to 5.3% versus 5.2% prior.
the Reserve Bank of Australia (RBA) leaving doors open for further rate cuts if
needed, disappointment from labor market numbers could lead to increased
expectations of another rate alteration of 2019, which in turn signals the
additional weakness of the AUD/USD pair.
All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user.
Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered.
While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all.
All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information.
All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way.
The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions.
Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company.
Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results.
Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.