GBP/USD prepares for a drop below 1.1050 as risk-off mood soars, US CPI in focus – by Sagar_Dua24 GBPUSD Inflation RiskAversion Employment Fed
Firmer US NFP data has strengthened the case of a 75 bps rate hike by the Fed.has sensed selling pressure while attempting to cross the round-level hurdle of 1.1100 in the Tokyo session. The cable is eyeing more weakness below 1.1050 as the risk-off impulse is gaining traction.
US markets are closed on Monday and on account of Columbus Day while S&P500 has continued its downside movement. The US dollar index has recovered a majority of its losses recorded in early Tokyo and has reclaimed the 112.80 hurdle. It is highly likely that a depressed market mood will drive the DXY to the round-level hurdle of 113.00.
The US NFP-infused optimism will keep the DXY in the grip of bulls for a while. On Friday, the US Bureau of Labor Statistics reported that the economy generated fresh 263k jobs in September, higher than the projections of 250k. Also, the Unemployment Rate scaled down to 3.5%. A firmer US employment data has bolstered the case of a fourth consecutive 75 basis point rate hike by the Federal Reserve . data, which is due on Thursday. As per the estimates, the headline inflation will land at 8.
On the UK front, investors' focus has shifted to employment data. The Claimant Count Change is expected to decline by 11.4k vs. an increment of 6.3k. While the ILO Unemployment Rate is seen steady at 3.6%. As price pressures are at elevated levels in the UK economy, therefore, the Average Earnings data will also remain in focus. The economic data excluding bonuses is seen higher by 10 basis points to 5.3%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
NZD/USD Price Analysis: Surrenders 0.5600, brace for an inverted flag breakNZD/USD Price Analysis: Surrenders 0.5600, brace for an inverted flag break – by Sagar_Dua24 NZDUSD Technical Analysis RiskAversion ChartPatterns SupportResistance
続きを読む »
GBP/JPY drops below 161.00 as market mood sours, UK employment in focusThe GBP/JPY pair is oscillating below the round-level cushion of 161.00 in the early Tokyo session as the risk-averse market mood has brought a sell-o
続きを読む »
USD/CHF steadies near 0.9950 amid hawkish Fed bets, risk-off mood, SNB’s Jordan eyedUSD/CHF seesaws near 0.9950 during Monday’s inactive Asian session, after a three-day uptrend. That said, the holidays in the US, Japan and Canada res
続きを読む »
AUD/USD picks demand below 0.6350, downside remains favored ahead of US CPIThe AUD/USD pair has rebounded after slipping below the immediate support of 0.6350 in the Asian session. The outlook of the asset doesn’t seem bullis
続きを読む »
Bitcoin price gives up key trend line as US jobs data deals 5% lossesBTC price action focuses on levels below $20,000 after Bitcoin suffers from U.S. jobs data.
続きを読む »