Australian Greenback, AUD/USD, AUD/JPY, Fed, IG Shopper Sentiment - Speaking FactorsAustralian Dollar ext
Australian Greenback, AUD/USD, AUD/JPY, Fed, IG Shopper Sentiment – Speaking Factors
- Australian Dollar extends selloff after the Fed versus USD and JPY
- Dealer positioning hints extra declines in AUD/USD and AUD/JPY
- Technical evaluation favoring the draw back state of affairs for the Aussie?
Australian Greenback Falls as US Greenback and Japanese Yen Acquire After the Fed
The sentiment-linked Australian Greenback succumbed to promoting strain in opposition to the haven-tied US Dollar and anti-risk Japanese Yen following the Fed’s interest rate decision in January. This has left AUD/USD and AUD/JPY in danger to prolonging their near-term declines which picked up tempo on coronavirus fears. An uptick in net-long positioning can be contributing to bearish outlooks in these pairs that are mentioned on this week’s session on IG Shopper Sentiment (IGCS) – see recording above.
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Feb 05
( 01:02 GMT )
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