By Christopher Romano — Mar 22 - 01:40 PM
Overnight risk-off theme reverses into NY's open, US$ sellers emerge
Equities ESv1, copper HGv1 rally while USD/CNH dips below 6.5030
US Treasury 10-year yield drops back below 1.70% after early rise
AUD/USD turns +ve in early NY trade, fills the gap from Friday's close
Pair climbs above the 55-DMA, stops short of the 10-DMA, hits 0.7755
Very little pull back seen, pair sits near day's high late in the session
Daily bull hammer forms after cloud top supports, should worry shorts
Slew of Fed speakers, March PMIs, US Treasury auctions are risks this week
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Source:
Refinitiv IFR Research/Market Commentary