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Aug 25 - 03:55 AM

AUD/USD - Surge Pre-Empts Jackson Hole Buy-Rumor-Sell-Fact

By Ewen Chew  —  Aug 25 - 02:40 AM
  • AUD/USD surges to 0.6981 from open 0.6907, up 1.0%

  • Exits downtrend channel, may break Ichimku cloud top 0.6983

  • Risk rallies just before Jackson Hole meet begins

  • Suggests markets pre-empting buy-rumor-sell-fact

  • Traders have fully priced in hawkish Powell speech Fri

  • Reaction could be conversely negative USD, positive equities

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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