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AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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NFPs in the spotlight following woeful........>

FOREX
FOREX: NFPs in the spotlight following woeful February reading
-Last month's 20k nonfarm payrolls headline took markets by surprise, and today
analysts expect a bounce back to 177K (whisper: 185k) but focus, as always, will
quickly turn to average hourly earnings to gauge whether the Fed's recent rate
cycle pause is justified. Ahead of the figure, markets are quiet with volumes
light and liquidity thin. AUD slightly outperforms as further positive noises on
US-China trade talks emerged from China. Overnight, China's President Xi noted
"substantial progress" had been made in talks, helping sooth sentiment and keep
AUD/USD at the top end of the week's range.
-GBP is modestly higher following PM May's formal request for a further
extension to Brexit talks, knocking the deadline for a deal further back to June
30th. GBP/USD is well off the day's highs of $1.3123 at writing as recoveries
remain weak. The week's lows of $1.3010 are a realistic prospect should the USD
rally on NFPs later.
-Outside of NFPs, the Canadian jobs report is also due as well as a speech from
Fed's Bostic on 'disruption and opportunity'.
Energy BulletsCommodities
Energy BulletsCommodities

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