Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Nov 14 - 01:55 PM

AUD/USD - US CPI, Expectations For Fed, Techs May Squeeze Shorts Harder

By Christopher Romano  —  Nov 14 - 11:45 AM
  • US CPI data helped drive Us yields US2YT=RR, US$ lower & rally AUD/USD

  • Riskier assets rallied as investors expect the Fed to keep rates on hold

  • Investors also pull forward expectations for Fed's first rate cut

  • AUD/USD rallied sharply above the 10- & 55-DMAs and the daily cloud base

  • A 5-session high was hit & daily, monthly RSIs imply upward momentum

  • Daily cloud top, 38.2% Fib 0.6895-0.6271, Nov. 6 daily high are in focus

  • Break above those impediments may lead to a big short squeeze

  • CFTC stats indicate net-short AUD positions remain elevated

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved