AUD - BULLISH
1️⃣ Investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns. The yield on Australia’s 10-year government bond eased from yearly highs to 1.574% while US 10-year yields similarly eased to 1.362%.
2️⃣ The House Budget Committee approved Monday a US$1.92 trillion bill to carry out President Joe Biden’s coronavirus relief plan, the first step toward likely House passage by the end of the week.
USD - BEARISH
1️⃣ Higher US Treasury yields failed to offer lasting support.
2️⃣ A large budget and current account deficits have made the US currency an increasingly unattractive investment.
3️⃣ Biden and his Democrat-controlled Congress are due to roll out massive spending plans that include extra $1,400 checks for most Americans.
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Technical
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We are looking to buy the AUDUSD at RBS + above SMA 50 on the H1 chart.
1️⃣ Investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns. The yield on Australia’s 10-year government bond eased from yearly highs to 1.574% while US 10-year yields similarly eased to 1.362%.
2️⃣ The House Budget Committee approved Monday a US$1.92 trillion bill to carry out President Joe Biden’s coronavirus relief plan, the first step toward likely House passage by the end of the week.
USD - BEARISH
1️⃣ Higher US Treasury yields failed to offer lasting support.
2️⃣ A large budget and current account deficits have made the US currency an increasingly unattractive investment.
3️⃣ Biden and his Democrat-controlled Congress are due to roll out massive spending plans that include extra $1,400 checks for most Americans.
=====
Technical
=====
We are looking to buy the AUDUSD at RBS + above SMA 50 on the H1 chart.
Order cancelled:
DELETE PENDING ORDER
Clear the pending order ahead Fed Chair Powell Testifies. The speech could turns the market.
Clear the pending order ahead Fed Chair Powell Testifies. The speech could turns the market.