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Antipodeans Firm In Early Trade

FOREX
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The Antipodeans are leading the bid in the G-10 space as Asia digests yesterday's FOMC rate decision. A reminder that the Fed held rates steady and Chairman Powell noted they have come "very far" with the rate hiking cycle.

  • Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD is up ~0.3% last printing at $0.5860/65. Bulls immediate focus is on the 20-Day EMA ($0.5870) and the high from 10 Oct ($0.6049).
  • AUD/USD is up ~0.3% also, firming above the $0.64 handle this morning. The pair sits on the 50-Day EMA ($0.6404), the next target for bulls is $0.6445 high from Oct 11.
  • Elsewhere in G-10 JPY and GBP are both ~0.1% firmer. BBDXY is down ~0.1%.
  • Cross asset wise e-minis are marginally firmer however ranges remain narrow. US Tsys futures are little changed from yesterday's closing levels.
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The Antipodeans are leading the bid in the G-10 space as Asia digests yesterday's FOMC rate decision. A reminder that the Fed held rates steady and Chairman Powell noted they have come "very far" with the rate hiking cycle.

  • Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD is up ~0.3% last printing at $0.5860/65. Bulls immediate focus is on the 20-Day EMA ($0.5870) and the high from 10 Oct ($0.6049).
  • AUD/USD is up ~0.3% also, firming above the $0.64 handle this morning. The pair sits on the 50-Day EMA ($0.6404), the next target for bulls is $0.6445 high from Oct 11.
  • Elsewhere in G-10 JPY and GBP are both ~0.1% firmer. BBDXY is down ~0.1%.
  • Cross asset wise e-minis are marginally firmer however ranges remain narrow. US Tsys futures are little changed from yesterday's closing levels.