By Christopher Romano — Nov 14 - 01:35 PM
AUD/USD opened NY near 0.6375, big rally ensued on downbeat US Oct CPI data
US$ fell sharply with US yields US2YT=RR as Fed expected to stay on hold
Investors pulled forward expectations for first Fed rate cut to May
AUD/USD rallied above the 10- & 55-DMAs as well as the daily cloud base
Equity ESv1, copper HGv1 gains & USD/CNH drop to 7.2500 buoyed AUD/USD
AUD/USD traded 0.6500, neared daily cloud top, 38.2% Fib 0.6895-0.6271 late
Rising daily, monthly RSI imply upward momentum, September's high may break
China Oct. Retail sales, industrial output are data risks in Asia
US Oct. PPI, retail sales are data risks in NY hours Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary