- AUD/USD drops back to sub-0.6200 on Fed Chair’s presser.
- RBA cheers the Aussie financial system.
- Fed/RBNZ announced surprise rate cuts but the respective central bankers refrain from further moves.
Having gradually risen to 0.6220 from 0.6100 ahead of a few minutes, AUD/USD drops to 0.6180 amid the initial Asian session trading on Monday. The pair seems to take clues from the Fed Chair’s presser as well as RBA comments off-late. The RBA keeps praising the national financial system while providing fewer clues for the future moves.
Following a surprise rate cut, second in the month, to 0.25% as well as $700 billion worth of a Quantitative Easing (QE), the Federal Reserve Chairman turns down the odd of any FOMC meeting during this week. Earlier, markets were anticipating a 100 basis points cut into the Fed rate.
The risk-tone remains under pressure with S&P 500 Futures down 3.77% to 2,5555 by the press time.
Investors will keep eyes on the co-ordinated central bank moves, coronavirus headlines for fresh impulse. Unless there is good news on the part of the pandemic, a remedy or something, markets are likely to remain volatile while portraying the risk aversion.
|Today last price||0.6182|
|Today Daily Change||-0.0043|
|Today Daily Change %||-0.69|
|Today daily open||0.6225|
|Previous Daily High||0.6326|
|Previous Daily Low||0.6122|
|Previous Weekly High||0.6686|
|Previous Weekly Low||0.6122|
|Previous Monthly High||0.6775|
|Previous Monthly Low||0.6434|
|Daily Fibonacci 38.2%||0.62|
|Daily Fibonacci 61.8%||0.6248|
|Daily Pivot Point S1||0.6122|
|Daily Pivot Point S2||0.602|
|Daily Pivot Point S3||0.5918|
|Daily Pivot Point R1||0.6327|
|Daily Pivot Point R2||0.6429|
|Daily Pivot Point R3||0.6531|
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