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Oct 19 - 08:55 AM

AUD/USD - Data, Risk-On Drive Gains But Bear Risks Exist

By Christopher Romano  —  Oct 19 - 07:30 AM
  • China sales, industrial output above f/c but GDP below f/c nL4N2H621K

  • Data drives hopes of better global growth; USD/CNH drops below 6.6750

  • Equities ESv1, copper HGv1 rally but iron-ore DCIOc2 falls

  • AU bond yields up but US yields rise faster, 3-yr AU-US spreads widen

  • AUD/USD rallies near 0.7115, slips down near 0.7105 into NY's open

  • CFTC stats show net-long AUD position remains but smaller nL1N2H71PZ

  • Pair trades below falling 10 & 21-DMAs, daily cloud base

  • Bulls need move above 0.7190 to ease immediate bear pressure

  • For more click on FXBUZ





aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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