Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 16 - 07:55 AM

AUD/USD - Bulls Charge As On Higher Probability Fed Cuts By 50Bps

By Christopher Romano  —  Sep 16 - 07:10 AM
  • AUD/USD fell toward the 10-DMA overnight, 0.6700 hit, buyers emerged

  • US$ selling took hold as US yields US2YT=RR added to recent losses

  • Investors priced in a higher probability IRPR Fed cuts by 50bps Wed.

  • USD/CNH drop to 7.0882, commodity DCIOC2HGv1 gains helped AUD/USD rally

  • AUD/USD rallied above the 21-DMA, down trend line off the Aug. 29 daily high

  • NY opened near 0.6740, pair hit a 6-session high & traded up +0.56%

  • Techs lean bullish; pair above slew of DMAs, monthly bull hammer in place

  • September NY Fed manufacturing index is a data risk in NY's morning

  • 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
!