eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD steadies Fri, but remains down 0.7% wtd with scant support nearby
• Downside open towards 0.6662 ytd low after major technical break of 0.6835
• RBA Nov meeting minutes due & Governor Bullock speaking at ASIC forum Tue
• Critical AU Oct jobs update due Thur (prior -39.3k jobs, 4.7% unemployment)
• U.S.-Iran war appears no closer to resolution as hostilities continue
• Hawkish Fed rhetoric firms FFR hike bets and pushes DXY to 19-month high
• Futures pricing implies Dec 9 Fed hike of at least 25 bps now priced in
• Range Asia 0.67951-0.68149 support 0.6662, resistance 0.7068
0.7140 0.7282
AUD Weekly 52-WMA
(James Connell is a Reuters market analyst. The views expressed are his own.)