25 minutes until AU jobs data drops:
The market is looking for +25k jobs and for the U/R to remain at 4.1%.
#AUDUSD is trading at .6492/94, trying to claw its way higher after closing at an almost seven-month low. The risks there appear to be a test of multi-week support in the .6360/50 area.
The AU rates market is pricing in just a 10% chance of a rate cut for December and has pushed back expectations of a first full 25bp RBA rate cut until August 2025.
The market is looking for +25k jobs and for the U/R to remain at 4.1%.
#AUDUSD is trading at .6492/94, trying to claw its way higher after closing at an almost seven-month low. The risks there appear to be a test of multi-week support in the .6360/50 area.
The AU rates market is pricing in just a 10% chance of a rate cut for December and has pushed back expectations of a first full 25bp RBA rate cut until August 2025.
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