By Christopher Romano — Apr 30 - 01:35 PM
NY opened near 0.6530 after 0.65675 traded overnight, slide extended
Upside surprise to US Q1 ECI drove yields US2YT=RR, US$ higher
Risk soured; stocks ESv1, commodities XAU=HGv1 fell, USD/CNH rallied
AUD/USD fell below the 21-, 55- & 200-DMAs, neared the 10-DMA, hit 0.6482
Most losses were maintained, AUD/USD traded down -1.23% late in the day
Techs lean bearish; RSIs falling, pair below slew of daily MAs & daily cloud
Fed meeting, Powell presser are key event risks for Wednesday
US April ADP, S&P Global & ISM manufacturing PMIs are data risks Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary