AUD

AUD/USD extends gains to 50 pips as the risk trade rallies

• The Australian dollar climbs alongside stocks

RBA seen hiking rates faster, higher

Credit Suisse say China's fiscal stimulus will have a big impact on the global economy

Austalia preliminary PMIs for June. Manufacturing 55.8 (prior 55.7)

• Flash PMIs from Markit / S&P Global

AUDUSD still lower on the day but bouncing

• The 100/200 hour MAs are key resistance above

AUD/USD forecast to around 0.73 by the end of 2022

AUDUSD retests 200 hour MA

• 200 hour MA last week stalled the rally

AUD/USD options expiring at the 10am NY cut today, 21 June 2022

RBA June meeting minutes says further rate hikes will be needed

• Reserve Bank of Australia June 2022 minutes

RBA Gov. Lowe says will discuss 25bp or 50bp interest rate hike at July meeting (July 5)

RBA Gov Lowe - says interest rates are very low

• Reserve Bank of Australia Governor Lowe speech to the American Chamber of Commerce in Sydney.

Australia data - weekly consumer confidence +1.6% after the -7.6% prior week

• Reserve Bank of Australia Governor Lowe is up soon with his speech: "Inflation and Monetary Policy".

AUDUSD rotates back toward the 100 hour moving average

• Finding some stall near that moving average level

Euro and Australian dollar softness are the early themes

• A look at the early market moves

AUDUSD falls to swing area support ahead of May/June extremes

• Swing area support between 0.6891 and 0.69168