Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 29 - 08:55 AM

AUD/USD - US Dollar Dump, Buoyed Risk Gives Longs A Lift

By Christopher Romano  —  Apr 29 - 07:20 AM
  • AUD/USD hit 0.6522 in Asia, buyers emerged, 0.6587 traded, a 13-session high

  • NY opened near 0.6565, pair traded up +0.47% with help from upbeat risk

  • USD/CNH fell to 7.2483 (D3), stocks ESv1 & commodities HGv1XAU= gained

  • USD/JPY drop to 154.40 (EBS) & US yield US2YT=RR slide helped buoy AUD/USD

  • Pair rallied above 55- & 200-DMAs, pierced the daily cloud then pulled back

  • Techs are bullish; RSIs rising & long lower wick in place on April candle

  • US ADP, JOLTS, weekly claims, payrolls & ISM mfg are data risks this week

  • Fed statement, Powell's presser are major event risks for Wednesday

  • 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
!