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Jan 30 - 04:55 PM

AUD/USD - REFILE-BUZZ-AUD/USD-Looming Fed, ADP Risks Help Corral Bulls

By Christopher Romano  —  Jan 30 - 01:10 PM

Corrects typo in headline

  • NY opened near 0.6595, pair lifted early on US yields, US$ trading lower

  • 0.6605 was neared but sellers emerged after US JOLTS, consumer confidence

  • Yields US2YT=RR, US$ rallied after data; USD/CNH rallied to 7.1925 on D3

  • Gold XAU= erased early gains & stocks ESv1 fell which buoyed US$

  • AUD/USD traded 0.65755 then bounced, sat near 0.6590 late, down -0.30%

  • Techs are bearish; daily RSI diverged on today's high, monthly RSI falling

  • US Jan. ADP report, Fed meeting & Powell's presser are risk Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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