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Jul 15 - 12:12 PM
AUD/USD - Expected Fed, RBA Paths Have Bulls Riding High
First appeared on eFXplus on Jul 15 - 09:50 AM
  • Early US$ lift on NY Fed mfg nN9N23A015 fades, jobs component a concern
  • UST yields sink, chance of Fed cuts rise, 50bps cut near 24% FEDWATCH
  • Into end-2019 mkt expects 68bps of Fed cuts & 24bps for RBA RABWATCH
  • More aggressive Fed should trump RBA, AUD/USD likely to remain buoyed
  • AUD/USD pierces daily cloud top, threatens resistance into 0.7050
  • Apr 30 high & 200-DMA eyed if rally extends, 0.7140/60 targeted thereafter

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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