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TDUX
Oct 07 - 05:55 PM
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AUD/USD Softens As Gold Sinks To Two-Month Low

By James Connell  —  Oct 07 - 04:56 PM

• AUD/USD -0.3% from Wed 0.69839 high as gold trades to a low of $4,065 per oz

• Gold down 1.3%, broad USD index up 0.4% and UST yield curve steepens

• FOMC meeting minutes reveal divergent conjecture on reason for FFR hike

• Futures pricing now implies 82.8% probability of Fed rate hold in Oct

• European debt worries continue to intensify, EUR trading near 17-month lows

• AUD sellers lurking ahead of 0.7052 100-DMA, 0.6865 downside target

• RBA Sep meeting minutes due for release Tue, will garner close attention

• Overnight range 0.69434-745 support 0.6865 0.6834, resistance 0.7052 0.7282
AUD Daily 21/55/100-DMA


Gold Daily 21-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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