FOREX: Hawkish Powell Sees AUDUSD Give Up Post-Au CPI Gains
While the 0.3% rise in the US dollar BBDXY meant that most of the G10 fell against the greenback, Au...
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AUSSIE 3-YEAR TECHS: (Z5) Southbound
- RES 3: 97.796 - 1.618 proj of the Sep 3 - 12 - 15 price swing
- RES 2: 96.685 - 1.000 proj of the Sep 3 - 12 - 15 price swing
- RES 1: 96.615 - High Sep 12
- PRICE: 96.435 @ 15:52 BST Sep 29
- SUP 1: 96.280 - Low May 15 (cont.)
- SUP 2: 95.900 - Low Jan 14 (cont.)
- SUP 3: 95.760 - Low 14 Nov ‘24
Aussie 3-yr futures have traded lower and the contract has cleared the Sep 3 low of 96.435. A break of this level negates the recent short-term bullish theme. This breach signals scope for an extension towards 96.280, the May 15 low on the continuation chart. The short-term resistance to watch is 96.615, the Sep 12 high. Clearance of this level is required to reinstate a bullish theme.
ASIA: Coming Up In Asia-Pac Markets On Tuesday
| 0000BST | 0700HKT | 0900AEST | South Korea Aug IP |
| 0000BST | 0700HKT | 0900AEST | South Korea Aug Cyclical Lead Index |
| 0050BST | 0750HKT | 0950AEST | Japan BoJ Summary of Opinions Sept MPM |
| 0050BST | 0750HKT | 0950AEST | Japan Aug P IP |
| 0050BST | 0750HKT | 0950AEST | Japan Aug Retail Sales |
| 0100BST | 0800HKT | 1000AEST | NZ ANZ Sep Business Confidence |
| 0230BST | 0930HKT | 1130AEST | Australia Aug Building Approvals |
| 0230BST | 0930HKT | 1130AEST | Australia Aug Private Credit |
| 0230BST | 0930HKT | 1130AEST | China Sep PMIs |
| 0245BST | 0945HKT | 1145AEST | China Sep RatingDog PMIs |
| 0300BST | 1000HKT | 1200AEST | South Korea Sells KRW4.4tln 30-yr Bonds |
| 0335BST | 1035HKT | 1235AEST | Japan 2-yr Bonds Sold |
| 0530BST | 1230HKT | 1430AEST | Australia RBA Cash Rate Decision |
| 0600BST | 1300HKT | 1500AEST | Japan Aug Housing Starts |
| 0630BST | 1330HKT | 1530AEST | Australia RBA Governor Bullock Press Conference |
US: VP Vance: Think We're Headed To A Government Shutdown
The Democratic congressional leadership's meeting with the White House has concluded, some headlines that suggest only limited if any progress has been made toward avoiding a federal government shutdown on Oct 1. Limited financial market reaction (equity futures dip slightly) but prediction markets' implied probabilities of a shutdown are beginning to pick up (Polymarket back over 80%). Some selected Bloomberg headlines:
- "*SCHUMER: WE MET WITH TRUMP, WE HAVE LARGE DIFFERENCES"
- "*VANCE: I THINK WE'RE HEADED TO A GOVERNMENT SHUTDOWN"
- "*JOHNSON: IF DEMOCRATS DECIDE TO SHUT DOWN GOV, IMPACT'S ON THEM"
