AUDUSD FOREX 1H TIME FRAME DATE 7/28/2024

28 Jul

Sentiment Analysis (July 27, 2024):
Intraday Sentiment: 48% bearish, 52% bullish
Daily Sentiment: 50% bearish, 50% bullish
Overall Sentiment: The sentiment is neutral, but with a slight tilt towards buying.

Upcoming Economic Events and Trading Recommendations:
Monday, July 29, 2024

04:30 PM ET - United States Dallas Fed Manufacturing Index
Expectation: PMI expected at 53.00
Recommendation: Sell AUD/USD
Tuesday, July 30, 2024

03:30 AM ET - Australia Building Permits MoM (Preliminary)

Expectation: 0.70%
Recommendation: Buy AUD/USD
04:00 PM ET - United States JOLTs Job Openings (June)

Expectation: Unemployment Rate expected to increase to 4.10%
Recommendation: Sell AUD/USD
Wednesday, July 31, 2024

03:30 AM ET - Australia Monthly CPI Indicator & Retail Sales MoM

Expectation: Inflation Rate and Retail Sales data
Recommendation: Buy AUD/USD
02:15 PM ET - United States ADP Employment Change (July)

Expectation: Unemployment Rate expected at 4.00%
Recommendation: Buy AUD/USD
03:45 PM ET - United States Chicago PMI (July)

Expectation: PMI expected at 45.00
Recommendation: Sell AUD/USD
04:00 PM ET - United States Pending Home Sales MoM

Expectation: Existing Home Sales expected at 4300 Thousand
Recommendation: Buy AUD/USD
08:00 PM ET - United States Fed Interest Rate Decision

Expectation: Rate expected at 5.50%
Recommendation: Sell AUD/USD
Thursday, August 01, 2024

01:00 AM ET - Australia Judo Bank Manufacturing PMI Final

Expectation: PMI expected at 49.00
Recommendation: Sell AUD/USD
03:30 AM ET - Australia Balance of Trade (June)

Expectation: Balance of Trade expected at 8200 Million AUD
Recommendation: Sell AUD/USD
02:30 PM ET - United States Initial Jobless Claims

Expectation: Unemployment Rate expected at 4.00%
Recommendation: Buy AUD/USD
03:45 PM ET - United States S&P Global Manufacturing PMI Final

Expectation: PMI expected at 53.00
Recommendation: Sell AUD/USD
04:00 PM ET - United States ISM Manufacturing PMI

Expectation: PMI expected at 53.00
Recommendation: Sell AUD/USD
Friday, August 02, 2024

03:30 AM ET - Australia PPI QoQ

Expectation: Producer Price Inflation expected at 0.60%
Recommendation: Buy AUD/USD
02:30 PM ET - United States Non-Farm Payrolls

Expectation: 130,000 jobs
Recommendation: Buy AUD/USD