Intraday Market Thoughts

Both Aussie Longs Remains Despite Poor Jobs

by Ashraf Laidi
Apr 11, 2013 20:28

As the USDJPY touches 99.95, eyes begin to shift to next week's G7/20 meetings in Washington and speculation over the verbal consensus/opposition with regards to Japan's monetary policy.  Aussie shrugged the poor jobs report (tumbling payrolls and rising unemployment rate) to break above 1.0550, while printing +105 against the yen. Reserve managers continue to reward Aussie's high yield status and AAA rating as the RBA admits it will not intervene or jawbone in the currency. EURUSD shies away from the DMA confluence ahead of Friday's US retail sales. Earnings from Wells Fargo and JP Morgan could impact early trade.  Both of the 2 longs issued on AUDUSD before the jobs report remain in progress. We added 2 new trades in gold as well as USDCAD. For full view, please see latest Premium Insights.

Act Exp Prev GMT
Retail Sales (MAR) (m/m)
0.0% 1.1% Apr 12 12:30
Retail Sales (ex. Autos) (MAR) (m/m)
0% 1% Apr 12 12:30
Unemployment Rate s.a. (MAR)
5.6% 5.4% 5.4% Apr 11 1:30
Fulltime employment (MAR)
-7.4 19.3 Apr 11 1:30
Part-time employment (MAR)
-28.7 53.7 Apr 11 1:30
Employment Change s.a. (MAR)
-36,100 -5,000 74,000 Apr 11 1:30

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