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Morning View: Rates Narrative Evolving and the USDX
Heading into the May RBA meeting, it’s not all doom and gloom for the Australian economy after all. Yesterday’s jobs data smashed expectations with better headline numbers on both job’s added and the unemployment rate. There were also upward revisions to February’s numbers which was a nice kicker. It all sets up the May RBA meeting for another nail biter. And with uncertainty, comes trading opportunity! I’m looking forward to seeing how the Aussie pairs set up heading into May. Keep your eye on our technical analysis section of the Vantage FX News Centre for updated charts and views. US Housing starts, ... (full story)
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