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Mar 15 - 09:48 PM

AUD/USD - Fed Actions Spook Rather Than Soothe Investors

By Andrew M Spencer  —  Mar 15 - 08:00 PM
  • Flat, after a hectic and volatile 0.6110-0.6311 early range - AUD/JPY -1.4%

  • Fed cut and coordinated CB response to USD funding issues nL1N2B806D

  • Initial response was risk positive, but E-mini S&P has tumbled 4.8%

  • Fed moves have spooked rather than soothed investor's coronavirus fears

  • RBA added liquidity to ensure smooth local fixed income markets nS9N2A601K

  • ASX 200 is off 5.4%, awaiting the response of other Asian bourses

  • Charts trend south, but 0.6245 lower 21 day Bolli suggests oversold here

aud mar 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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