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Jun 05 - 03:55 PM

AUD/USD - Indecision Reigns Ahead Of US Claims, Payroll Reports

By Christopher Romano  —  Jun 05 - 01:35 PM
  • NY opened near 0.6640 after 0.6664 traded overnight, pair rallied early

  • Rally eroded however after upbeat May ISM non-manufacturing PMI release

  • US$ rallied and US yields firmed up a bit; USD/CNH rallied to 7.2605

  • AUD/USD fell below the 10- & 21-DMAs, traded 0.66265 then bounced

  • Yields US10YT=RR softened again while stocks ESv1, gold XAU= rallied

  • AUD/USD neared 0.6645 late, pair was down only -0.11% late in the day

  • Daily doji candle formed after a 4-session low traded, indicates indecision

  • China's May trade balance is a data risk in Asia trading hours

  • US weekly claims, Q1 labor cost revision, April int'l trade are risk Thurs.

  • Investors may be more focused on US May payroll report due Friday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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