Upcoming NFP will be sensitive after Yellen's hawkish speech. Expecting a lot of volatility as markets need to interpret what figure will be considered strong enough to may be increase rates in Sept.
Expecting 200+ figure would bring Sept rate hike to ~60 %.
Below 150 maybe see retracements across the board on most USD pairs.
Personally feel that AUD will have most scope for downward move as Kiwi posting semi decent data + Wheelers Hawkish sentiments in last appearance.
AUD will continue to have bearish bias unless their job reports show stronger growth in full time employment - all recent numbers have been part time job creations.
Lets see
Expecting 200+ figure would bring Sept rate hike to ~60 %.
Below 150 maybe see retracements across the board on most USD pairs.
Personally feel that AUD will have most scope for downward move as Kiwi posting semi decent data + Wheelers Hawkish sentiments in last appearance.
AUD will continue to have bearish bias unless their job reports show stronger growth in full time employment - all recent numbers have been part time job creations.
Lets see
Commentaire:
NFP ~150k + potential RBA rate hold tomorrow = upward risk and bias. Possible to see .77000 by week end
