Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 17 - 01:55 AM

AUD/USD - Eases Towards Support As Mixed China Data Sours Mood

By Krishna K  —  May 17 - 12:05 AM
  • AUD/USD down 0.2% as mixed China data, rethink on rate expectations weigh

  • China April industrial output beats expectations but retail sales misses

  • Property investment data soft, house pxs fall at fastest pace in over 9 yrs

  • RBA rate cut expectations rise as Australia's labor market slows gradually

  • Futures imply a 44% chance of Dec 25 bps rate cut, 67% chance of a Feb cut

  • USD broadly bid Friday as Fed officials also signal caution on policy

  • AUD may consolidate in a 0.6640-50 to 0.6730 after rallying 1.7% this week

  • Powell speech on Sun at 1930 GMT, China LPR fixing Mon, RBA minutes Tue key

  • Resistance 0.6700, 0.6715, 0.6731-51, Jan 24 high & 76.4% of Dec-April drop

  • Supports 0.6645-50, 0.6625-30; Asia range 0.66835-0.66585

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!