Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Aug 10 - 03:55 PM

AUD/USD - US Data Induced Rally Stalled Then Reversed

By Christopher Romano  —  Aug 10 - 01:40 PM
  • AUD/USD opened NY near 0.6565 after rallying overnight, sharp lift ensued

  • US$, yields US10YT=RR dropped after July CPI and weekly claims data

  • 0.6617 hit, rally stalled short of 0.6620/30 resistance zone, slide ensued

  • US yields firmed up & lifted US$, USD/CNH rallied toward 7.2400

  • Equities ESv1, copper HGv1 slid which added weight on riskier assets

  • Comments from the Fed's Daly helped to underpin the US dollar

  • AUD/USD erased all post-data gains, was near flat late in the session

  • Techs lean bearish; RSIs falling, daily gravestone doji candle formed

  • US July PPI, August U of Michigan survey data risks loom for Friday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved