AUD/USD is consolidated in early Asia following volatility overnight on a series of trade talks headlines that drove the Aussie both ways. AUD/USD is currently trading at 0.6757 having travelled between 0.6710 and 0.6774 overnight.Casting minds back to yesterday’s early Asia session, the pair was falling on the back of the pessimistic South China Morning Post news that said Chinese negotiators would end the talks earlier than scheduled, bemused by the US State Department’s blacklisting of Chinese companies. However, the Aussie was back in favour when Bloomberg and NY Times stories, quite to the contrary, argued that a partial deal was being drawn up between the two sides and that meetings will go ahead as planned. There were easing of restrictions on Huawei being reported as well. Trump tweeted that China “want to make a deal” and that he intends to meet the Vice Premier on Friday.Elsewhere, one eye is being kept on central banks beyond the blur of trade talk noise. “Markets are pricing 12bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.36% (RBA cash rate currently at 0.75%),” analysts at Westpac noted. With respect to the Federal Reserve, data overnight will have ben monitored that arrived in the form of US Sep headline Consumer Price Index was flat mom, with ex-food and energy +0.1%mom, missing estimates of +0.1%mom and +0.2%mom respectively. The annual pace of CPI remained at 1.7% (expected 1.8%), ex-food and energy remaining at +2.4% (as expected). US 2-year Treasury yields climbed from 1.44% to 1.54%, the 10-year yield from 1.56% to 1.67%. “Markets are pricing 18bp of easing at the 31 October meeting and a terminal rate of 1.04% (vs 1.88% currently),” analysts at Westpac explained. Looking ahead, the calendar is quiet today to the week, but traders will now await the next round of key data releases from Australia and next week will bring the Reserve Bank of Australia’s October minutes Tuesday and September labour force survey on Thursday.Bulls have run up to the key 21-Day moving average (Stock Global forex broker) and have eyes set on an advance to the 0.68 handle and confluence with the 50-DMA. Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. Trendin Graphs broker reviews The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published c
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