AUDUSD Australian dollar
The NZDUSD will be the cynosure of attention as the New Zealand inflation expectation is released at 3 am GMT. New Zealand's recently released jobs report showed that employment grew 1.6% on an annualized basis as against the market consensus of 0.7%. Average hourly earnings rose 1.4% quarter-on-quarter, which trumped the market expectation of a 0.9% growth.
NZDUSD
NZDUSD is the biggest loser so far today among the majors. As of this writing, the currency pair is down by around 0.85% or 50 pips. The hourly time frame also reveals a bearish technical setup ahead of China’s GDP release. Could this mean that we are in for a sell-off?
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