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  • Fedex Q1 Results: Revenues: $22.0B vs. $21.8B est. EPS $4.37 vs. $4.92 est. $FDX down roughly 2.25% AH
  • In this week's Macro Setup @CVecchioFX, discusses with @RiskReversal and @GuyAdami, news regarding property developer Evergrande weighing down US financial markets, and September's Fed meeting impact on assets. Tune into the markets now!https://t.co/dBgjbpXLXL https://t.co/WXLoq1O1PL
  • Copper demand continues to outstrip supply, according to the recent update from the International Copper Study Group. Get your $XAG market update from @CVecchioFX here:https://t.co/23ii112k1E https://t.co/xHZfC2sffQ
  • China to be carbon-neutral by 2060; country will stop building coal-powered projects abroad - BBG
  • Curious to know if this is because a) bailout by Beijing is still widely viewed as the base case scenario if contagion materializes and/or b) recent backstops implemented globally to curb financial market fallout have effectively supplanted left tail risk https://t.co/cFSXtb1WfQ
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  • RT @ZabelinDimitri: Regarding the Fed dot plot⬇️ "If another two officials were to move up their expectations for a rate increase into 2022…
  • Tonight will see Chinese markets open after a two day closure to observe mid-Autumn festival. Naturally, there will be increased focus and volatility given the current backdrop of Evergrande default concerns. Get your market update from @JMcQueenFX here:https://t.co/ky6vpyMup7 https://t.co/7TyDu8rl14
  • RT @RiskReversal: A pretty hot @MacroSetup this week, brought to you by @Nadex and @openexc. @GuyAdami & I warn the young, but mighty @CVec…
Australian Dollar Could Make a Sustained Move Higher

Australian Dollar Could Make a Sustained Move Higher

David Rodriguez, Head of Product
Australian Dollar Could Make a Sustained Move Higher

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

AUDUSD The Australian Dollar remains in a fairly well-defined downtrend versus the US Dollar, but a recent bounce suggests that losses may slow or trends may even reverse.

Trade Implications – AUDUSD:We’ve remained focused on Australian Dollar losses as heavily one-sided forex trading crowd sentiment has pointed lower. Yet a bigger shift in sentiment and a break above month-to-date highs near $0.9360 would leave us in favor of continued Australian Dollar gains.

See next currency section: SPX500 - S&P 500 Defies Gravity, Looks to Trade Higher

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Australian Dollar Could Make a Sustained Move Higher

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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