It's a big day for the AUD, with March employment data at 11:30 and China trade balance (Reuters expects this at 12:00)
Pepperstone
It's a big day for the AUD, with March employment data at 11:30 and China trade balance (Reuters expects this at 12:00). In terms of jobs, the market expects 2500 jobs to be created, with a range of +25,000 to -20,000 from economists. Earlier in the month we saw a strong Korean export print (+5.2%) and this has generally been a been a good guide to China's export numbers, which in turn are expected to stage a strong rebound after big falls last month. AUD/USD is looking a touch overbought at present, so we could see some modest profit taking going into the data flow.
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...