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Feb 25 - 03:55 PM

AUD/USD - Bulls Run For Cover As Yield Spike Sours Risk

By Christopher Romano  —  Feb 25 - 01:35 PM
  • A new 3-year high (0.8007) hit in Europe am, NY opens near 0.7990

  • After early choppy moves bears take control as risk-off takes hold

  • Equities fall sharply & copper turns -ve after hitting a 9.5 year high

  • Broad US$ buying takes hold, intensifies after weak US 7-year bond auction

  • 10-yr yield spikes above 1.61% after the 7-year auction results nAQN03UG4A

  • AUD/USD falls sharply, trades below 0.7895 late in the session

  • Daily techs warn longs, inverted hammer forms & RSI diverges on the high

  • Monthly techs remain bullish though, implies rally should resume

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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