eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
May 17 - 11:55 PM

AUD/USD - Under Pressure As Chinese Data Misfires

By James Connell  —  May 17 - 11:17 PM

• AUD/USD -0.3% Mon as CN economic updates miss expectations dramatically

• CN Apr y/y industrial output 4.1% (poll 5.9%), retail sales 0.2% (poll 2.0%)

• AUD pushing hourly lower Bollinger band, still soft but momentum slowing

• Rising potential for Fed hikes underpins USD and UST yields strength

• Drone attack on UAE nuclear power plant pushes Brent crude +1.9%, WTI +2.2%

• RBA's Hunter speaks Tue ahead May monetary policy meeting minutes release

• AU Apr employment update Thur, Reuters poll: +20k jobs, 4.3% unemployment

• Range Asia 0.71181-526, support 0.7100 0.6834, resistance 0.7283 0.7661
AUD Hourly Bollinger Study & DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
© 2026 eFXdata · All Rights Reserved
!