Intraday Market Thoughts

Euro Escapes for Now, AUDJPY Eyes 100

by Ashraf Laidi
Mar 14, 2013 13:27

Stellar Aussie jobs figure showed the biggest monthly rise in 13 years, lifting AUDJPY to 99.97, while AUDUSD stabilized around 1.04. EURUSD's latest slide found support at 1.2911, above the confluence of the 55-WMA AND 200-DMA, but the woes are far from over as the pair fears next week's FOMC meeting, which is likely to upgrade the US outlook, following last month's payrolls and today's jobless claims. If gold fails to regain 1600 following the FOMC, then selling could trigger a fresh round towards low 1500s. AUDUSD and AUJPY hit all targets, leaving 1 of each unfilled and awaiting progress. New trades on EURUSD, gold and US crude oil have been issued after yesterday's EURUSD was stopped out. For the complete trades and charts, please see latest Premium Insights.

Act Exp Prev GMT
Continuing Jobless Claims (MAR 3)
3.024M 3.100M 3.113M Mar 14 12:30
Initial Jobless Claims (MAR 10)
332K 350K 342K Mar 14 12:30

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