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SNAPSHOT

Risk Switch Stays In The On Position

SNAPSHOT

Japan On Holiday, Asia Equities Bid

GBPUSD TECHS

Corrective Recovery

EURUSD TECHS

Gains Considered Corrective

*Sep19 Aussie open $0.7967, range....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Sep19 Aussie open $0.7967, range $0.7957 to $0.7994
*Aussie opened in Asia toward the lower side of the $0.7940 to $0.8035 range
witnessed yesterday, where rising UST yields placed the antipodean on the
defensive.
*Domestic demand surfaced from around $0.7960 to push the Aussie to $0.7980. A
spike to $0.7994 was seen as the Minutes were released
*RBA Minutes showed that they expect to see solid employment growth ahead, iron
ore prices are expected to fall, clearer signs of easing in Sydney's housing
market and Aussie dollar strength is largely due to US dollar weakness
*Aussie then drifted lower to trade back to $0.7962, intraday spec accounts
expecting a more hawkish lean to the RBA were said to be behind the move.
*For the balance of the session, the pair consolidated a few pips either side of
$0,7970
*Hourly resistance remains at $0.7996, while Asia's $0.7957 low provides initial
support.