By Christopher Romano — Oct 09 - 07:30 AM
US$ generally higher on flight to safety due to Middle East tensions
US rates SRAH24 lower as are stocks ESv1 and iron-ore DCIOc2
US gov't bond mkt closed for holiday but gold XAU= rallied sharply
AUD/USD gapped lower on the open, opened 0.6368 then tried filling the gap
Pair hit 0.6381 then fell below 10-DMA, hit 0.6343, NY opened near 0.6360
AUD/USD was down -0.31% early NY and technicals were leaning bearish
Daily, monthly RSIs were falling while pair help below 10- & 21-DMAs
US Sept employment trends is a minor data risk in NY, prior was 113.02
Remarks from Fed's Logan, Barr, Jefferson are event risks in NY
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary