AUD/USD: Coronavirus leading to fresh falls

AUD/USD surged over 10% from the bottom but still trades below levels seen earlier this month. Top-tier figures from the US, China, and Australia are  |  27/03/2020 15:57

AUD/USD surged over 10% from the bottom but still trades below levels seen earlier this month. Top-tier figures from the US, China, and Australia are set to trigger action as the first quarter draws to an end, FXStreet’s analyst Yohay Elam briefs.

Key quotes

“Australian Official Purchasing Managers' Indexes are of high interest on Tuesday, with the services sector set to struggle more, as in other places in the world.”

“Australian PMIs are released throughout the week and are also set to decline. They provide better guidance that relatively stale figures such as retail sales and building permits that predate the crisis.”

“Friday's Non-Farm Payrolls may trigger an epic move on the charts. A considerable loss of positions is on the cards, but the scale is hard to forecast.”

“ISM's PMIs are also of interest. The manufacturing sector will likely suffer a softer blow, but the services one – due out after the NFP – could plunge.”

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for Market Insight viewers

Back

Login to Market Insight Account

Your Market Insight account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

Create a Market Insight's Account

Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to Market Insight family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@marketinsight.com