Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 03 - 08:55 AM

AUD/USD - Yen Strength Helps Consolidation End With A Down Move

By Christopher Romano  —  Sep 03 - 07:25 AM
  • AUD/USD fell below 10-DMA, hit a 7-day low after recent consolidation ends

  • Pair traded 0.67925-0.6729 overnight, NY opened near 0.6735, down -0.85%

  • Yen buys drove AUD/JPY below 98.20; acted as a weight on AUD/USD

  • Commodity DCIOc1, HGv1, equity ESv1 drop & USD/CNH gains also weighed

  • Break lower from consolidation, falling RSIs are bearish tech signals

  • US July construction spending, Aug. ISM mfg PMI are data risks in NY

  • Australia Aug. Judo Bank PMIs, AIG mfg, construction indexes due in Asia

  • Australia Q2 GDP, China Caixin services PMI are added data risks in Asia

  • US Aug. payroll due Friday; may impact Fed policy & risk sentiment

  • 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
© 2024 eFXdata · All Rights Reserved
!