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May 04 - 08:55 AM

AUD/USD - Data, Yields Give Longs A Boost Ahead Of The Fed

By Christopher Romano  —  May 04 - 07:20 AM
  • Big upside surprise for Australia March retail sales nL2N2WW02N

  • Aussie yieldsAU3YT=RR rally on data as RBA may have to aggressively hike

  • Equities ESv1 and copper HGv1 rally while the US$ trades a bit softer

  • AUD/USD rallied on those influences, hit 0.7133 ahead of NY's open

  • Techs lean bullish; RSIs rising, monthly bull hammer candle forming

  • Fed risk looms; 50bps hike, balance sheet plan reveal are expected

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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