eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• Thin market with London out: Fed spec and ME tension the drivers
• AUD holding a small bid despite risk jitters: AUD/USD up 0.01% at 0.7159
• Friday's 0.7208 high initial resistance: break needed to keep bull run alive
• Support at the 10-DMA, 0.7149: risk of a return to the 100-DMA, 0.7077
• Warsh comments lift September rate-hike bets but dollar broadly softer Monday
• Fed may need to hike rates if above-target inflation persists
• Markets price in about a 60% chance of a September rate hike
• Trump says Iran's Kharg is being 'blown to smithereens',
but gives no details
AUD/USD daily chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own)