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AUDUSD Above 65c Again, US GDP Prints Later

AUD
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AUDUSD continues to recover with it breaking 65c to be up 0.1% today to 0.6505, close to the intraday high of 0.6510. Initial resistance is at 0.6527. It has been boosted by the HK/China equity rally. The USD index is off its intraday high to be little changed.

  • AUDJPY reached 101.18, the highest since 2014 as the yen continues to depreciate. The pair is currently around 101.13.
  • AUDNZD is little changed at 1.0947, off the intraday low of 1.0941. It has been in a narrow range with both markets closed. AUDEUR is up 0.1% to 0.6076 and AUDGBP +0.1% to 0.5218.
  • APAC equities are mixed with the Hang Seng up 1.3%, China’s CSI 300 +0.5% but the Nikkei down 1.7%. The S&P e-mini is down 0.7%. Oil prices are range trading with WTI up slightly at $82.90/bbl. Copper is up 0.4% and iron ore is around $118-119/t.
  • Later US Q1 GDP and core PCE price index, March trade, inventories and weekly jobless claims print. The ECB’s Schnabel speaks.
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AUDUSD continues to recover with it breaking 65c to be up 0.1% today to 0.6505, close to the intraday high of 0.6510. Initial resistance is at 0.6527. It has been boosted by the HK/China equity rally. The USD index is off its intraday high to be little changed.

  • AUDJPY reached 101.18, the highest since 2014 as the yen continues to depreciate. The pair is currently around 101.13.
  • AUDNZD is little changed at 1.0947, off the intraday low of 1.0941. It has been in a narrow range with both markets closed. AUDEUR is up 0.1% to 0.6076 and AUDGBP +0.1% to 0.5218.
  • APAC equities are mixed with the Hang Seng up 1.3%, China’s CSI 300 +0.5% but the Nikkei down 1.7%. The S&P e-mini is down 0.7%. Oil prices are range trading with WTI up slightly at $82.90/bbl. Copper is up 0.4% and iron ore is around $118-119/t.
  • Later US Q1 GDP and core PCE price index, March trade, inventories and weekly jobless claims print. The ECB’s Schnabel speaks.