By Andrew M Spencer — Feb 02 - 10:20 PM
-0.3% as risk sours in Asia - E-mini S&P -0.6%, Nasdaq futures -1.6%
Regional stocks are mixed - market nervous ahead of often volatile U.S. jobs
Poll - RBA to hike 25bp on Tuesday and rates to peak at 3.6% in Q1 for 2023
As we learnt from 2022, there will likely be major economic surprises ahead
AUD trades at the base of a 0.7080-0.7047 range with solid flow on D3
Charts; momentum studies flat line, 21 day Bollinger bands contract
10 & 21 daily, weekly MAs climb - positive setup while 0.7003 21 DMA holds
Asian 0.7080 high and 0.7003 21 DMA are initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary