You are visiting the website that is operated by Ultima Markets Ltd, a licensed investment firm by the Financial Services Commission “FSC” of Mauritius, under license number GB 23201593. Please be advised that Ultima Markets Ltd does not have legal entities in the European Union.
If you wish to open an account in an EU investment firm and protected by EU laws, you will be redirected to Ultima Markets Cyprus Ltd (the “CIF”), a Cyprus investment firm duly licensed and regulated by the Cyprus Securities and Exchange Commission with license number 426/23.
Tags: AUDUSD, Federal Reserve, Jerome Powell
US dollar fell against other major currencies to two-week low amid uncertainty over policy adjustment from Federal Reserve. On Wednesday, Fed Chair Jerome Powell in a speech at Stanford Graduate School of Business emphasized that they need to wait for more data before cutting interest rates.
While services industry experienced a slowdown, private sector jobs growth has posted higher than expected reading, creating confounding signals with regards to US current economy state. Similarly, Initial Jobless Claims shows an increase in unemployment claims, where both jobs’ data from private sector and jobless claims create uncertainty upon tonight’s Nonfarm Payrolls report.
(AUD/USD Daily Chart)
On the other hand, Australian dollar received a leg up due to divergence in monetary policy. Market participants widely expects Federal Reserve to cut interest rates as early as June while Bank of Australia is expected to keep policy on hold until November.
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
توفر Ultima Markets البيئة التنافسية الأفضل من حيث التكلفة والتبادل للسلع السائدة في جميع أنحاء العالم.
ابدأ التداولمراقبة فعالة للسوق أثناء تنقلك
الأسواق عرضة للتغيرات في العرض والطلب
جذابة للمستثمرين المهتمين فقط بالمضاربة على الأسعار
سيولة عميقة ومتنوعة بدون رسوم مخفية
لا يوجد مكتب تداول ولا إعادة تسعير
تنفيذ سريع عبر خادم Equinix NY4