Aussie Firmer in Quiet Markets as US-China Trade Talks Continue
| Action Insight Daily 6-10-25 |
Aussie Firmer in Quiet Markets as US-China Trade Talks Continue |
Global markets remain in a state of cautious anticipation as high-level trade negotiations between the US and China continue for a second day in London. While there’s no definitive outcome yet, mild optimism lingers. Asian equities reflected that mood, with Japan’s Nikkei and Hong Kong’s Hang Seng Index both trading slightly higher. Yet the prevailing sense is one of hesitation, with limited conviction behind the moves. Investors are still waiting for substantive developments before making bolder positioning decisions. In the currency markets, Kiwi and Aussie continue to outperform for the week so far, buoyed by broad risk resilience and perhaps early hopes that renewed dialogue could reduce global trade frictions. However, upside momentum in both currencies has been sluggish. At the other end, Loonie is trading as the weakest, followed by Swiss Franc and Japanese Yen. Dollar, Euro, and British Pound are largely directionless, trading in the middle of the weekly performance board...... |
AUD/USD Daily Report Daily Pivots: (S1) 0.6496; (P) 0.6515; (R1) 0.6536; More... Intraday bias in AUD/USD remains neutral as it's still staying below 0.6536 resistance. More consolidations could be seen, but even in case of another dip, further rise is in favor favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6406 will turn bias to the downside for 38.2% retracement of 0.5913 to 0.6536 at 0.6298. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 23:01 | GBP | BRC Retail Sales Monitor Y/Y May | 0.60% | 2.70% | 6.80% | | 23:50 | JPY | Money Supply M2+CD Y/Y May | 0.60% | 0.50% | | 00:30 | AUD | Westpac Consumer Confidence Jun | 0.50% | 2.20% | | 01:30 | AUD | NAB Business Confidence May | 2 | -1 | | 01:30 | AUD | NAB Business Conditions May | 0 | 2 | | 06:00 | JPY | Machine Tool Orders Y/Y May | 7.70% | | 06:00 | GBP | Claimant Count Change May | 4.5K | 5.2K | | 06:00 | GBP | Average Earnings Excluding Bonus 3M/Y Apr | 5.50% | 5.60% | | 06:00 | GBP | Average Earnings Including Bonus 3M/Y Apr | 5.50% | 5.50% | | 06:00 | GBP | ILO Unemployment Rate (3M) Apr | 4.60% | 4.50% | | 08:30 | EUR | Eurozone Sentix Investor Confidence Jun | -6 | -8.1 | | 10:00 | USD | NFIB Business Optimism Index May | 95.9 | 95.8 |
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