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AUD/USD, GBP/USD, and GBP/AUD Trades After CPI, Jobs Data

AUD/USD, GBP/USD, and GBP/AUD Trades After CPI, Jobs Data

2014-01-22 13:00:00
Christopher Vecchio, CFA, Sr. Currency Strategist
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Talking Points:

- AUDUSD jumps on strong 4Q'13 CPI.

- GBPUSD benefits from impressive November and December labor data.

- GBPAUD stuck in range A$1.8500-1.8750.

To keep up with the European data and news as the week goes forward, be sure to sign up for my distribution list.

Price pressures are heating up in Australia and the UK labor market is surging, giving both the AUDUSD and GBPUSD a lift today. Both the AUDUSD and GBPUSD are at inflection points. This also opens up the door for a potential turning point in GBPAUD.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

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