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Key Points
- Safe-haven sentiment strengthens due to South Korea's declaration of martial law, driving the yen higher and exerting downward pressure on the dollar.
- According to the U.S. Department of Labor's JOLTS report, October job openings (seasonally adjusted) stood at 7.744 million, surpassing market expectations. Some analysts forecast a Federal Reserve rate cut in December, citing the robust labor market.
- Australia’s October retail sales increased by 0.6% month-on-month. This rise is attributed to confidence that the Reserve Bank of Australia (RBA) will not raise rates further. Analysts predict the RBA will begin cutting rates in May next year.
Major Economic Indicators
- December 3: U.S. Department of Labor’s JOLTS report
- December 5: Fed Chair Powell’s speech
- December 6: U.S. November unemployment rate and nonfarm payroll data
AUD/USD Chart Analysis
Currently, AUD/USD is consolidating around the support level at 0.64000. Future price direction is expected to hinge on this level.
- If the support holds, there’s a strong likelihood of an uptrend, with potential gains up to the 0.69000 level.
- Conversely, a break below 0.64000 could lead to a decline toward the 0.62000 level.
Should unexpected movements occur, we will swiftly establish new strategies to adapt.
It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- Safe-haven sentiment strengthens due to South Korea's declaration of martial law, driving the yen higher and exerting downward pressure on the dollar.
- According to the U.S. Department of Labor's JOLTS report, October job openings (seasonally adjusted) stood at 7.744 million, surpassing market expectations. Some analysts forecast a Federal Reserve rate cut in December, citing the robust labor market.
- Australia’s October retail sales increased by 0.6% month-on-month. This rise is attributed to confidence that the Reserve Bank of Australia (RBA) will not raise rates further. Analysts predict the RBA will begin cutting rates in May next year.
Major Economic Indicators
- December 3: U.S. Department of Labor’s JOLTS report
- December 5: Fed Chair Powell’s speech
- December 6: U.S. November unemployment rate and nonfarm payroll data
AUD/USD Chart Analysis
Currently, AUD/USD is consolidating around the support level at 0.64000. Future price direction is expected to hinge on this level.
- If the support holds, there’s a strong likelihood of an uptrend, with potential gains up to the 0.69000 level.
- Conversely, a break below 0.64000 could lead to a decline toward the 0.62000 level.
Should unexpected movements occur, we will swiftly establish new strategies to adapt.
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.
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.