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Key Points
- The Reserve Bank of Australia (RBA) kept its benchmark interest rate at 4.10%, citing uncertainties in leading economic indicators, including the impact of President Trump’s tariff policies. Markets expect the RBA to cut rates in May.
- The Washington Post reported that White House staff have drafted a proposal to impose a 20% tariff on most U.S. imports.
- European Commission President Ursula von der Leyen stated that the European Union has the power to negotiate with the U.S. and to retaliate if necessary.
- The March ISM Manufacturing PMI came in at 49.0, indicating that the U.S. manufacturing sector has entered a contraction phase. Meanwhile, the February JOLTS Job Openings report showed 7.57 million job openings, missing market expectations, suggesting a gradual slowdown in the labor market. These two indicators hint at the formation of stagflation in the U.S. economy.
Key Economic Events This Week
+ April 2: U.S. March ADP Nonfarm Employment Change
+ April 4: U.S. March Nonfarm Payrolls, March Unemployment Rate, Fed Chair Powell’s Speech
AUDUSD Chart Analysis
With the market frozen ahead of Trump's reciprocal tariffs, AUDUSD remains largely range-bound. Technically, a short-term rise to 0.63500 is likely, followed by a decline toward 0.60000. However, given potential variables, a breakout above 0.63500 is possible, which could extend gains toward 0.66000.
Please share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- The Reserve Bank of Australia (RBA) kept its benchmark interest rate at 4.10%, citing uncertainties in leading economic indicators, including the impact of President Trump’s tariff policies. Markets expect the RBA to cut rates in May.
- The Washington Post reported that White House staff have drafted a proposal to impose a 20% tariff on most U.S. imports.
- European Commission President Ursula von der Leyen stated that the European Union has the power to negotiate with the U.S. and to retaliate if necessary.
- The March ISM Manufacturing PMI came in at 49.0, indicating that the U.S. manufacturing sector has entered a contraction phase. Meanwhile, the February JOLTS Job Openings report showed 7.57 million job openings, missing market expectations, suggesting a gradual slowdown in the labor market. These two indicators hint at the formation of stagflation in the U.S. economy.
Key Economic Events This Week
+ April 2: U.S. March ADP Nonfarm Employment Change
+ April 4: U.S. March Nonfarm Payrolls, March Unemployment Rate, Fed Chair Powell’s Speech
AUDUSD Chart Analysis
With the market frozen ahead of Trump's reciprocal tariffs, AUDUSD remains largely range-bound. Technically, a short-term rise to 0.63500 is likely, followed by a decline toward 0.60000. However, given potential variables, a breakout above 0.63500 is possible, which could extend gains toward 0.66000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.