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Jul 29 - 08:55 AM

AUD/USD - Bulls Do Not Fear The Fed, 15-Month High Set

By Christopher Romano  —  Jul 29 - 07:40 AM
  • AU Q2 CPI falls but above estimate, RBA CPI below estimate nL3N2EZ53N

  • Equities ESv1, copper HGv1, iron-ore DCIOc2 remain buoyant

  • AUD/JPY briefly lifts above 75.40; AUD/USD sets 15-month high at 0.7194

  • Pair pulls back near 0.7170, offers into April 2019 monthly high loom

  • Fed meeting due, gloomy rhetoric expected but is likely priced-in already

  • Potential "buy the rumor, sell the fact" profit taking after Fed meeting

  • Bullish influences should keep AUD/USD dips shallow nL2N2EZ1AG

  • For more click on FXBUZ











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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