Mega Important: How Far Will The AUD/USD Fall?

2024年10月24日

Slight Risk Off feeding into Markets post data today.

Dollar strength really continuing as expected, with no real change since higher retail sales and hotter jobs data.

In risk off you also see weakening in Antipodean currencies, as you can see further for AUD/NZD now across the whole Market.

Would not be surprised at all if we continue lower to the bottom end of the current range before seeing anything demand wise.

Markets largely pricing in current state of the FED and the USD accordingly. Remember, state of RBA is more hawkish than other CB's, but FED sentiment clearly over rules on dollar strength as seen across the broad stretch of the FX Markets now.

Can also see some negativity on equities as we go further into NY.

Long entries still set much lower.

2024年10月28日

註釋

Slight stall. Further moves required for real build up of USD weakness (real catalyst needed).

2024年11月4日

註釋