AUDUSD grinds near 0.6630 as China’s covid woes jostle with US inflation-led optimism – by anilpanchal7 AUDUSD RiskAppetite Coronavirus CentralBanks Inflation
pair rallied the most since October 2011 the previous day before the bulls took a breather amid a lack of major data/events during the day-start moves.
Considering Australia’s close trading ties with China, the latest surge in the dragon nation’s covid numbers challenges the AUDUSD bulls. It’s worth noting Beijing reports the biggest daily jump in the covid cases in over a year as the mainland sees the daily coronavirus numbers growing past 10,000 for the first time in seven months.
On the other hand, optimism in the Asia-Pacific equity markets, by tracking Wall Street’s strong close, challenges the risk-barometer pair’s sellers. However, a banking holiday in the US and Canada joins sluggish US Treasury yields to challenge the pair’s moves.rise but the S&P 500 Futures struggles for clear directions around a two-month high.
It should be noted that the eight-month low of the US Consumer Price Index bolstered the case of the US Federal Reserve’s easy rate hike the previous day and propelled the pair prices the most in 11 years. Moving on, a light calendar and fears emanating from China may challenge the AUDUSD traders ahead of the first readings of the US Michigan Consumer Sentiment Index for November, expected 59.5 versus 59.9 prior. However, the buyers are likely to keep the reins unless today’s data prints an extremely high outcome.AUDUSD stays on the bull’s radar unless it drops back below the 0.6500 support confluence, comprising the previous resistance line from August and the 50-DMA.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
AUDUSD jumps to six-week highs after US CPI, break key resistanceThe AUDUSD jumped following the release of inflation numbers in the US that came in below expectations. Speculation above smaller rate hikes from the
Consulte Mais informação »
AUDUSD seesaws around seven-week high above 0.6600 after US inflation-led rallyAUDUSD stays defensive around 0.6620, following the heaviest daily run-up since October 2011, as bulls seek more clues to extend the previous day’s ra
Consulte Mais informação »
AUDUSD Price Analysis: Test of an inverted H&S breakout looks likely around 0.6550The AUDUSD pair has witnessed modest exhaustion in the upside momentum after printing a fresh six-week high of 0.6632. An upside bias for the asset is
Consulte Mais informação »
AUDUSD retreats further from multi-week high amid pickup in USD demandThe AUDUSD pair comes under some selling pressure on Wednesday and extends the overnight late pullback from mid-0.6500s or its highest level since Sep
Consulte Mais informação »
AUDUSD eases to near 0.6400 as consumer inflation expectations escalate, US CPI eyedThe AUDUSD pair has sensed selling pressure at 0.6440 and has slipped to near 0.6410 in the Tokyo session. The asset has faced a minor sell-off despit
Consulte Mais informação »
AUDUSD seems vulnerable near weekly low, around 0.6400 as traders await US CPIThe AUDUSD pair extends this week's pullback from mid-0.6500s, or its highest level since September 23 and remains under some selling pressure for the
Consulte Mais informação »