AUD/USD and NZD/USD At Risk of Additional Losses – Analytics & Forecasts – 20 January 2023
AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline from well above the 0.7000 level against the US Dollar. · There was a break below a key bullish trend […]
The case for additional labor market weakness is clear – Wells Fargo
On Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point out the demand for workers has started to roll over. They argue job openings and hiring plans have declined since the start of 2022, and the trend in layoffs is […]