9 Jan 2015
EUR/AUD hit on Nonfarm Payrolls below 1.45 support
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4440 with a high of 1.4559 and a low of 1.4338 while being down on the day at -0.6%.
EUR/AUD has lost big ground of some 160 pips to the downside through the 1.45 support, 1.4560-1.4400, recovering back to 1.4060 on a minor recovery. The Aussie's strength vs the greenback has been the catalyst on the back of the Nonfarm Payrolls results.
The jobs numbers came in slightly better than expected at 252K vs a 240K consensus. Also, the numbers were adding substantial upward revisions to the previous months’ data, but the hourly earnings arrived as a real disappointment in both headline (AHE) series at 1.7% y/y and on the older, non-supervisory series which fell from 2.2 to 1.6% y/y, as explained by Kit Jukes, head of foreign exchange research at Societe Generale SA who also explained that the FOMC discussion about what to do with monetary policy when growth is OK, and inflation is dead, will be the big focus as we approach the FOMC on Jan 28."
EUR/AUD has lost big ground of some 160 pips to the downside through the 1.45 support, 1.4560-1.4400, recovering back to 1.4060 on a minor recovery. The Aussie's strength vs the greenback has been the catalyst on the back of the Nonfarm Payrolls results.
The jobs numbers came in slightly better than expected at 252K vs a 240K consensus. Also, the numbers were adding substantial upward revisions to the previous months’ data, but the hourly earnings arrived as a real disappointment in both headline (AHE) series at 1.7% y/y and on the older, non-supervisory series which fell from 2.2 to 1.6% y/y, as explained by Kit Jukes, head of foreign exchange research at Societe Generale SA who also explained that the FOMC discussion about what to do with monetary policy when growth is OK, and inflation is dead, will be the big focus as we approach the FOMC on Jan 28."