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Thomson Reuters
May 14 - 08:36 PM
AUD/USD - No Bounce, Focus Turns From Trade Squabbles To Data
First appeared on eFXplus on May 14 - 07:05 PM
  • AUD/USD hugs the lows, awaits Q1 wages data; RBA rate cut speculation rages
  • AU NAB biz conditions fall, employment index slides-bad sign for labour mkt
  • Futures fully priced for 0.25% RBA rate cut by Aug, 72% chance in July
  • China's indl.output, rtl sales, FAI also due Wed as focus shifts to data
  • No help from minor bounce in risk mood as trade rhetoric cools
  • Support 0.6937, loss opens ratchet to 0.6852; resistance 0.6960-65, 0.6980

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