Lets not forget AUD rate cut insight
AUDUSD: Could We See a Pre-NFP Bounce to .7700?
While US economic data broadly deteriorated through Q1, the lone bright spot was the labor market. Through the first three months of the year, US Non-Farm Payrolls increased by a whopping 863k jobs, while other measures of economic activity including PMI surveys, retail sales, durable goods orders and inflation readings have all turned lower. After today’s weaker-than-anticipated ADP employment report (189k vs. 227k eyed), traders are starting to worry that the last “leg” of the United States’ economic outperformance “stool” is starting to crack, and the US dollar is trading a tick lower early in ... (full story)