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Aug 03 - 08:55 AM

AUD/USD - Upbeat Risk Helps Bullish Signals Emerge

By Christopher Romano  —  Aug 03 - 07:25 AM
  • AUD/USD dip buyers emerged at 0.68865 in Asia, gains followed the buys

  • Risk-on lifts equities ESv1, yields AU3YT=RR, commodities DCIOc2

  • Safe-havens US$, yen slip; USD/CNH dips below 6.7600, AUD/JPY nears 92.60

  • AUD/USD hit 0.6940, NY opens just below that intra-session high

  • Daily bull hammer candle, rising daily RSI are short-term bullish signals

  • July non-mfg PMI, factory orders; Fed's Harker, Barkin, Kashkari are risks

  • U.S. July employment data is a major risk looming for later this week

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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