Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 19 - 10:55 PM

AUD/USD - Eases From 1-Mth High, AUD/JPY Sales Near 99.00 Cap

By Krishna K  —  Aug 19 - 08:40 PM
  • AUD/USD pulls back after rallying to a 1-month high of 0.6738 in Asia

  • Boosted by risk rally and heightened expectations of a dovish Powell on Fri

  • Gains likely to slow after impressive 2% rise since Thursday

  • 93 bps of Fed easing priced in by Dec, unlikely to be endorsed by Powell

  • AUD/JPY stalls at a 3-week high of 98.91 for 3rd day, limiting AUD gains

  • RBA minutes of Aug meeting, China LPR due Tue, key for short-term direction

  • AUD downside limited as RBA-Fed interest rate expectations diverge

  • Resistances 0.6744-0.6764, daily highs in mid-July, stronger @ 0.6788-0.6798

  • Support 0.6695-0.6700,0.6670; AUD/JPY resistance 98.90-99.00, 99.90-100.00

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!