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Dec 01 - 01:55 AM

AUD/USD - Pops As Risk Revival Continues Into Europe Open

By Ewen Chew  —  Dec 01 - 12:59 AM
  • AUD/USD pops to 0.7171, may shed bearish bias, cue short-covering

  • Wed close above 0.7176 marks exit from Bollinger downtrend channel

  • Risk-on in Asia after Powell comments flattened US yield curve

  • S&P futures +0.8%, oil prices +3.1% as Omicron pessimism abates

  • Asia stocks mostly up even though China Caixin missed nZUN003Y09

  • Australia's Q3 GDP not as bad as feared, -1.9% q/q nL1N2SM02E

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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