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Bund Put Calendar


Schatz Sep 1x2 Put Spread Buyer


Large Serial Buy

AUSSIE: AUD/USD operates around sessions lows, last $0.7244.
- This comes on the back of broader risk off flows and in the wake of the RBA's
latest SoMP, which saw the RBA leave its 2020 CPI & underlying inflation
forecasts unchanged at 2.25%, after the Bank noted that "the central scenario is
for inflation to be 2.25% in 2019 and a bit higher in the following year" back
on Tuesday (the "a bit" language was in the written statement today, but the
central projections remained unch.), modest changes across the GDP forecasts
were apparent (a couple of small mark ups in 2018 & 2020), with the longer run
unemployment estimate nudged down to 4.75% as expected.
- Hourly supported noted at $0.7240/30, Bears need a break back below the 50-DMA
at $0.7160 to test broken down trendline resistance-turned-support from the Feb
highs, which comes in at $0.7150.
MNI London Bureau | +44 0203-865-3809 |