Derived Data That Drive Results
By Paul Spirgel — May 05 - 09:35 AM
AUD$ held a small gain post-NFP, +0.3% at 0.6713, Fri range 0.6744-0.6689
Average earnings beats m/m & y/y, unemp rate lower temper Fed rate cut tones
Payrolls data hints victory on inflation, rate cuts may be premature
RBA had surprised mkt w/25bp hike May 2, warns of further tightening
AUD$ res 0.6693 daily cloud base, 0.6689 Fri low/30-DMA, 0.6655 10-DMA
Res 200DMA 0.6730, Fri high 0.6744, 0.6808 Apr 13 high, dly cloud top 0.6861
Focus shifts to U.S. CPI May 10, then Aussie Apr CPI May 30 for himts at relative rate paths
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Source:
Refinitiv IFR Research/Market Commentary
