Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Jul 30 - 08:36 PM
AUD/USD - Sentiment Bearish Ahead Of Aus CPI And China PMI
First appeared on eFXplus on Jul 30 - 06:40 PM
  • AUD underperformed Tuesday, down 0.41% vs USD & over 0.5% against EUR & JPY
  • Sentiment bearish & not helped by 1.4% fall in copper and 0.77% fall in EEM
  • China PMI and Aus CPI out later this morning and could impact AUD/USD
  • Both Aus Q2 trimmed and weighted mean CPI expected to come in at +0.4%
  • Knee-jerk reactions to a small Aus CPI miss should be short-lived
  • RBA already forecasting soft CPI and Fed decision will have bigger impact nL4N24U5R6
  • Support at June 18 low at 0.6832 with buyers tipped ahead of 0.6850
  • Resistance at yesterday's 0.6908 high, as beak ends 7 days of lower highs

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!