By Christopher Romano — Oct 27 - 01:45 PM
NY opened near 0.6340 after 0.6322 hit overnight, rally initially extended
Soft US yieldsUS2YT=RR, equity ESv1 & commodity Hgv1 gains buoyed risk
AUD/USD rallied above the 21-DMA, hit 0.63675 but then started slipping
Yields lifted while stocks fell, USD/CNH rallied back above 7.3300
AUD/USD slid below 0.6340 late, still traded up +0.27% late in the day
Techs are mixed; daily RSI rising but month is falling, pair below 55-DMA
China Oct PMIs, US Oct mfg ISM & payroll report are key data risks next week
Fed is the main event risk next week, rates expected to remain unchanged
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary