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Jun 04 - 03:55 PM

AUD/USD - Bulls Put Up A Fight After JOLTS Report

By Christopher Romano  —  Jun 04 - 01:35 PM
  • AUD/USD hit 0.6699 overnight then fell, traded 0.6631 in Europe's morning

  • Pair opened NY just above that low, traded a tight range then rallied a bit

  • Drop driven by falls in AUD/JPY, equities ESv1, commodities DCIOc2HGv1

  • April JOLTS surprised with a downside miss; US yields US10YT=RR, US$ sank

  • AUD/USD rallied toward 0.6655, dipped & neared 0.6645 late, was down -0.64%

  • Daily RSI diverged on today's high, doji formed; may be worries for longs

  • Australia May Judo Bank PMI, Q1 GDP, May China Caixin non-mfg PMI are risks

  • US May ADP, May ISM non-manufacturing PMI are risks in NY Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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