eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• 0.7117-0.7076 traded overnight, NY opened near that low, down -0.52%
• Broad-based USD buying, firm shorter-end US yields
weighed
• Drops in gold, silver & rally in USD/CNH reinforced the USD buying theme
• AUD/USD fell below the 55-DMA, neared the September 16 daily low
• Techs lean bearish; RSIs falling, consolidation of drop from Sep 9 high persists
• September's monthly inverted hammer candle reinforces the bearish signals
• US September S&P Global PMIs are data risks in NY's
morning
audusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)