The Australian Dollar retreated from a 2-week high last week with the US Dollar regaining its ascendency on the back of a hot inflation print in the US. Where to for AUD/USD and AUD/JPY.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.67% 🇨🇦CAD: 0.25...
Not long after those initial comments, the bonds rallied and yields plunged. The benchmark 10-year bond nudged 4.88% on Friday the 6th of October, the highest return for the low-risk asset since 2007. Although there has been a lack of meaningful domestic data, Reserve Bank of Australia Assistant Governor Chris Kent made comments last Wednesday highlighting the problems around the time lags in the transmission effect of
Australia’s trade surplus continues to run near record levels and an improved relationship with the world’s second-largest economy might boost the nation’s bottom line further. This Thursday will see unemployment data and it is forecast to remain near multi-generational lows near 3.7%. When looking at any combination of the 10-, 21-, 55- 100- and 200-day SMAs, the criteria for a bearish TMA have been met and might suggest that bearish momentum is evolving.Further up, the 0.6600 - 0.6620 area might be another resistance zone with several breakpoints and previous highs there.AUD/JPY stalled at breakpoint resistance last week before consolidating back into the recent range. It has mostly traded between 93.00 and 97.00 for four months.
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