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Posts by "callum"
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Posts by Anonymous "callum":
We are so close to the upcoming Aust job data during the asian trading session, and would be key to see whether AUD/USD break above 93 handle, and ASX 200 above 5,000 psychological level. Perhaps simplistic, should the jobs data printed tomorrow comes extradinarily positive, it might just be enough to make it above 93. There are other attributes that might just grease the wheels, especially as we seen some recent breakdown of resistance / support levels despite stronger USD 1) Gold's breakout upwards today 2) Oil still pretty high 3) USDCAD near parity.
With the exception of last months Aust jobs data, AU jobs number has a good track record of extraordinarily better-than-expected-job-figures, so this shouldn't be a surprise. How much of this is priced-in??
Whether it holds above 93 for a day or more, I would love to get views from others on this forum.
Ashraf did have on his twitter IMT on Chris Vermeulen's Blog on his articlehttp://www.ashraflaidi.com/forex-blogs/1250/ which points out the BULLISH on Gold.
Is the 1020/1050 Gold target invalidated or is this just noise?
Yesterday's ADP reaction on the USDJPY pair seemed straight forward, but I thought I saw the EURUSD and other commodities pair going higher. Is this the expected behavior for this NFP also?