|Performance after Thursday|
|Week to-date||-2.27%||-155 Pips|
Upcoming key events (London Time)
Fri 01:00 PM AUD RBA’s Governor Lowe speech
Fri 03:00 PM USD Michigan Consumer Sentiment Index
What happened lately
📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in September below forecast and dropped to -9.9 points compared to previous figure 6.2 points in August. Source
📆 ☢️ 🇦🇺 AUD Unemployment Rate s.a. in August exceed forecast and rose to 3.5% compared to previous figure 3.4% in July. Source
📆 🇦🇺 AUD Full-Time Employment in August rose to 58.8K compared to previous figure -86.9K in July. Source
📆 🇺🇸 USD Producer Price Index ex Food & Energy (YoY) in August exceed forecast and dropped to 7.3% compared to previous figure 7.6% in July. Source
📆 🇺🇸 USD Monthly Budget Statement in August exceed forecast and dropped to -220$ compared to previous figure -211$ in July. Source
What can we expect from AUDUSD today?
AUDUSD on Thursday dropped -0.92% to 0.6685. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for AUDUSD looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at 0.66540 (S1) with break below could see further selling pressure towards 0.66230 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.6770 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.6681 would indicate selling pressure.
For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -2.27%.
Key levels to watch out:
You might also be interested in:
Business Formation Statistics Source: Census Bureau
U.S. import prices decrease 1.0% in August on lower fuel prices; export prices fall 1.6% Source: Bureau of Labor Statistics Publications
PPI for final demand declines 0.1% in August; goods fall 1.2%, services increase 0.4% Source: Bureau of Labor Statistics Publications
CPI for all items rises 0.1% in August as shelter and food increase, gasoline falls Source: Bureau of Labor Statistics Publications
Last updated: 12:31 am UTC, 16-Sep 2022
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