The return of risk aversion has seen the ASX 200 and Nikkei 225 slice through their respective 12-week uptrends, as Hong Kong’s Hang Seng Index falls just shy of the 200-day moving average.

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The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.

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The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.

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The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.

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The US Dollar may extend its gains into APAC trade after being catapulted by Powell’s testimony. Regional geopolitical tensions could accelerate AUD/USD’s selloff.

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