By Christopher Romano — May 02 - 07:25 AM
Downbeat China PMIs nL2N2WT01Z drive growth concerns, sinks risk overnight
US$ rallied while equities ESv1, copperHGv1 sank; USD/CNH near 6.6900
AUD/USD fell to a 3-month low, hit 0.7033 but rallied into +ve territory
AU yieldAU3YT gains, US yieldUS2YT=RR drop & US$ sales help buoy AUD/USD
Equity turn positive, USD/CNH drop below 6.6650 also help AUD/USD gains
Pair nears 0.7080 in early NY trading & some bullish tech signals emerge
Daily bull hammer forms, daily & monthly RSIs diverge on the new low
RBA risk tonight nL3N2WT0EL, Fed risk comes Wednesday nL2N2WP2TY
For more click on FXBUZ
audusd Click here
Source:
Refinitiv IFR Research/Market Commentary