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Oct 07 - 03:55 PM

AUD/USD - US Jobs Data, Risk-Off Give Shorts Traction

By Christopher Romano  —  Oct 07 - 01:40 PM
  • After choppy overnight trading AUD/USD opened NY near 0.6425

  • Upside surprise for Sept. US jobs nL1N3172NB sent AUD/USD lower

  • US rates EDH3 gains as a higher Fed terminal rate was priced in

  • Safe-haven US$, yen bought; USD/CNH neared 7.1325, AUD/JPY hit 92.47

  • Equities ESv1, commodities HGv1 dropped to bolster risk-off sentiment

  • AUD/USD fell to 0.6370 before bouncing, pair sat near 0.6385 late

  • Falling RSIs, ongoing consolidation, price below 10-DMA are bearish signs

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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