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Sep 30 - 08:55 AM

AUD/USD - REFILE-BUZZ-AUD/USD-Longs Boosted On Big Gains For China Related Assets

By Christopher Romano  —  Sep 30 - 07:05 AM

Adds risks due to remarks from Fed speakers

  • AUD/USD rallied 0.6898-0.69415 overnight, NY opened near 0.6915, up +0.21%

  • Fresh 19-month high traded with help China equity & commodity gains

  • China's CSI 300 .SSEC gained +8.06%, iron-ore DCIOc2 traded up +10.81%

  • AUD/USD dip aided by US yield US2YT=RR, USD/CNH gains & stock ESv1 drop

  • Daily RSI not confirming new high, daily doji formed; may worry longs

  • Monthly bull hammer, RSI & hold above slew of DMAs gives longs comfort

  • Fed Chair Jerome Powell speaks on econ outlook in NY's afternoon

  • Fed's Bowman speaks on econ outlook & monetary policy in NY's morning

  • Sept. Dallas Fed mfg business index, Chicago PMI are data risks in NY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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