The market fell 50 pips immediately after the RBA announcement and after a brief bounce, is now testing the lows again. Stops below 1.0160 may soon start attracting the market’s attention.
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AUD/USD: Eyeing stops below 1.0160
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Spain inflation eases a little in April but still much higher than before US-Iran conflict
- USD/JPY flirts with a key upside breakout as yen's intervention-led gains continue to fade
- What are the main events for today?
- UK Q1 preliminary GDP +0.6% vs +0.6% q/q expected
- UK March monthly GDP +0.3% vs -0.2% m/m expected
- FX option expiries for 14 May 10am New York cut
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