Australia enjoyed another month of big job gains: 37.4K in April. This is way above expectations for a modest rise of 5K and more in line with the previous positive surprise: 60.9K back in March. The unemployment rate played along with a fall from 5.9% to 5.7%. It was projected to remain unchanged. The details are [...]
The post AUD/USD leaps as Australia gains 37.4K jobs appeared first on Forex Crunch.
Finally some seriously big action in markets. Four days after complaining about the lack of volatility, we have a move totally some 300 pips in EUR/USD in those four days. The world’s most popular currency pair has confirmed the breakouts. The pair initially struggled to break out of the uptrend channel. It was later rejected at [...]
The post EUR/USD clearly breaks resistance, uptrend channel on Comey memo appeared first on Forex Crunch.
EUR/USD is already touching the 1.1150 level as it finally breaks free and talk about an impeachment is rife. Is there more room to run? The team at ING thinks so and marks the next levels. ING FX Strategy Research expects the EUR to remain supported in the near-term as investors: “a) re-assess whether it needs to [...]
The post EUR/USD: 3 Reasons To Stay Bullish For A Run To 1.12/1.13 N-Term – ING appeared first on Forex Crunch.
The UK was expected to report a small rise in jobless claims in April: 7.5K against 25.5K in April. The unemployment rate was projected to remain unchanged at 4.7% in March. Wages were predicted to rise by an annual level of 2.4% in March after 2.3% in February. Excluding bonuses, wage growth was forecast to remain at [...]
The post UK wages slip to 2.1% – GBP ignores appeared first on Forex Crunch.
