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Non-Farm Payrolls & RBA in Focus. Gold (XAUUSD) at a Key Level of Support.

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Hey Valutraders!

Have you seen the weakness of AUD?

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I’m Brad Alexander and in this week’s Market Blast Fundamentals let’s take a look at Gold (XAUUSD), EURUSD, AUDJPY, and AUDUSD.


Yes, AUD is weak against every other major currency but tomorrow the Reserve bank of Australia is expected to raise interest rates.Screenshot 2022-07-04 at 12.32.29

The question is: will they raise interest rates 0.25% or 0.5%?

Remember the US Federal Reserve were even more aggressive a couple of weeks ago.Screenshot 2022-07-04 at 12.33.28

Speaking of which, the Fed will be watching the US Non-Farm Payrolls this Friday.

The Australian situation, though, gives us a few trading possibilities tomorrow.Screenshot 2022-07-04 at 12.32.51

Watch AUDUSD, for example, if price action is driven back to this upper trend line, we have what we call a Counter-Trend trading opportunity where we could sell.Screenshot 2022-07-04 at 12.33.02

Price action on AUDJPY has returned to a key level so watch for movement tomorrow with the RBA announcement.Screenshot 2022-07-04 at 12.33.14

We are seeing mixed strength and weakness in EUR but we expect the European Central Bank to raise Interest Rates this month and the markets will be watching Friday when Christine Lagarde speaks.Screenshot 2022-07-04 at 12.33.54

Watch for volatility as we see pairs like EURUSD just above a key level of support.

EUR may be under pressure with inflation fears and a potential energy crisis in Germany.Screenshot 2022-07-04 at 12.34.09

We see price action on Gold at a key level of support and we will look at this tomorrow as well.

Gold may also be affected by the US Non-Farm Payrolls this week as we see overall USD strength against every currency except CHF.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.4 July 2022 Fundamentals EN TN



This post was written by Graeme Watkins

CEO Valutrades Limited, Graeme Watkins is an FX and CFD market veteran with more than 10 years experience. Key roles include management, senior systems and controls, sales, project management and operations. Graeme has help significant roles for both brokerages and technology platforms.

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