eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD +0.1% Thur, but still pressured amid firming Fed rate hike bets
• AU Q3 housing finance -15.5% q/q, investment housing finance -32.3% q/q
• AUD 0.6835 support critical, break below opens door for much bigger fall
• Futures pricing currently implies 88% chance of 25 bps Fed hike on Dec 9
• Fed Governor Waller floats potential preference for 50 bps FFR hike
• Hotter than anticipated U.S. inflation data drives DXY & UST yields higher
• RBA Nov meeting minutes due & Governor Bullock speaking at ASIC forum Nov 17
• Overnight range 0.6865-715 support 0.6835 0.6662, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)