Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 26 - 08:55 AM

AUD/USD - China's Pledge To Spend Fuels Bid For Riskier Assets

By Christopher Romano  —  Sep 26 - 07:15 AM
  • AUD/USD rallied 0.6819-0.6886 overnight, NY opened near that high, up +0.92%

  • Pledge by Chinese leaders to deploy needed fiscal stimulus drove risk-on

  • USD/CNH fell to a fresh 16-month low of 6.9926 into NY's open

  • Commodities HGv1, XAU=, stocks ESv1 rallied to reinforce upbeat risk

  • Drop in US yields US2YT=RRUS10YT=RR helped add weight on the US$

  • AUD/USD rally halted near hourly resistance, remained in Wednesday's range

  • Rising RSIs, monthly bull hammer, hold above many DMAs are bull signals

  • Pair in a consolidation phase which reinforces the bullish techs

  • US weekly claims, Aug. durable goods, Q2 GDP final data risks loom

  • Fed's Collins, Bowman, Powell, Williams, Barr, Cook, Kashkari to speak

  • 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
!