17.04.23 | Trading Outlook with Resident Analyst Joe Jeffriess
Welcome back to the Trade Zone Trading Outlook. After last week’s CPI and RS data were released, the U.S. dollar continued its downtrend as it struggled for demand the previous week. The Australian dollar made gains off the back of the U.S. economic data release. But still, there was a surprise after the Australian Employment report outlined a 53K job gain in March. This has renewed fears of future rate hikes from the Reserve Bank of Australia (RBA).
Watch the latest video analysis about the news and price action from this morning’s Australian and Asian sessions, with a summary of some of the potential movers from Gold, Indices and Crypto to look out for, and learn more about what we can expect from the USD and AUD heading into the new financial week,
* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.
Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.
Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.