Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 29 - 09:55 PM

AUD/USD - Stalled With Risk Appetite, But Signals Climb

By Andrew M Spencer  —  Jan 29 - 07:15 PM

  • Steady in a slow start, after closing -0.1% with an inside day on Friday

  • No Australian data or scheduled RBA events, so the USD, risk appetite lead

  • E-mini S&P futures -0.15% - cap risk appetite and AUD in early trading

  • RBAWATCH prices Feb 7, 25pt hike to 3.35% at 88.47%, after the strong CPI

  • With a 25pt hike almost a certainty, the RBA's outlook pivotal for the AUD

  • Upcoming rate decisions by the Fed, BOE and ECB key for risk/AUD this week

  • Charts; momentum studies, 21 day Bollinger bands, 5, 10 & 21 DMAs all climb

  • Bullish setup - close above 0.7136 August high to target 0.7282 June top

    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
© 2023 eFXdata · All Rights Reserved
!