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A$ Outperforms As Risk Sentiment Improves, PMIs Coming Up

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Aussie and Kiwi outperformed the G10 as risk sentiment continued to recover as geopolitical tensions eased. After spending most of the European/NY sessions trading between 0.6430 and 0.6450, AUDUSD is up 0.5% to 0.6450. The USD index is flat.

  • AUDUSD is approaching resistance at 0.6457, April 18 high, but the trend condition remains bearish. Initial support is at 0.6363, April 19 low.
  • AUDNZD was down slightly to 1.0896. Aussie rose strongly against the yen up 0.6% to 99.82, near the intraday high. AUDGBP is up 0.7% to 0.5222, close to the high of 0.5230. AUDEUR rose 0.5% to 0.6054.
  • Equities rallied with the S&P up 0.9%, Euro stoxx +0.4% and FTSE +1.6%. Oil prices were down slightly with WTI -0.1% to $82.14/bbl. Copper fell 0.3% and iron ore is down to around $115/t.
  • Today the preliminary Judo Bank PMIs for April print.
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Aussie and Kiwi outperformed the G10 as risk sentiment continued to recover as geopolitical tensions eased. After spending most of the European/NY sessions trading between 0.6430 and 0.6450, AUDUSD is up 0.5% to 0.6450. The USD index is flat.

  • AUDUSD is approaching resistance at 0.6457, April 18 high, but the trend condition remains bearish. Initial support is at 0.6363, April 19 low.
  • AUDNZD was down slightly to 1.0896. Aussie rose strongly against the yen up 0.6% to 99.82, near the intraday high. AUDGBP is up 0.7% to 0.5222, close to the high of 0.5230. AUDEUR rose 0.5% to 0.6054.
  • Equities rallied with the S&P up 0.9%, Euro stoxx +0.4% and FTSE +1.6%. Oil prices were down slightly with WTI -0.1% to $82.14/bbl. Copper fell 0.3% and iron ore is down to around $115/t.
  • Today the preliminary Judo Bank PMIs for April print.