Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 15 - 07:55 PM

AUD/USD - Soft - RBA Flags Importance Of Inflation Expectations

By Andrew M Spencer  —  Oct 15 - 07:00 PM
  • Trades -0.1% after closing -0.34% with lower commodities and the USD steady

  • RBA' Hunter said inflation expectations have not become de-anchored

  • It's important that we track how inflation expectations are evolving

  • M1 leading index due in an hour last -0.04% - unlikely to impact AUD

  • Charts; 5, 10 & 21-day moving averages plus daily momentum studies ease

  • 21-day Bollinger bands gently expand - daily charts show a downside bias

  • 0.6627 200-day moving average and 0.6622 September low are major support

  • Close below 0.6620 would target 0.6575 0.618% of the Aug/Sep rise

  • 0.6804/10 should cap, the 21-day moving average and high last week

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
!