Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 31 - 07:55 PM

AUD/USD - Soft Early, Megacaps Beat Estimates, US Jobs Loom

By Andrew M Spencer  —  Oct 31 - 07:15 PM
  • Off 0.05% after closing up 0.15% with an inside day and the USD off 0.2%

  • Strong Intel, Amazon, and Apple results after the close- Nasdaq e-mini +0.3%

  • Australian PPI leads data - little impact likely - plenty of Asian data

  • FX markets will probably be cautious in Asia ahead of often volatile US jobs

  • Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands contract

  • Mixed daily momentum studies ease - the bearish setup remains in place

  • Wednesday's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support

  • A sustained 0.6477 break would target a test of the 0.6348 August base

  • 0.6609 10-day moving average, then the 0.6671 21-DMA are first resistance

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
!