Halister News

(Bloomberg) -- Asia-Pacific currencies and rates direction will continue to be buffeted by swings in UST yields as investors reassess global inflation expectations, Bloomberg strategist Mark Cranfield writes.

• Click here to see major local data due this week
• AUD/USD may rise toward 200-DMA at 0.7522 if retail sales on Dec. 2 beat ests. Aussie bears will also be focused on spread between U.S. and AUD bond yields for medium-term guidance
• Australia’s 10-year yields showing a golden cross on charts with 50-DMA above 200-DMA, which points toward 3.00% yield medium-term; chart here
• NZD/USD may advance if dollar rally pauses ahead of payroll data on Dec. 2. Kiwi momentum studies are turning higher; chart here
• New Zealand’s 2-year swaps consolidating within rising channel, running since late September; chart here
• USD/INR consolidation below 69.00 level may extend this week as India 3Q GDP is seen rising to 7.5% from 7.1% in 2Q, according to Bloomberg survey; data due on Nov. 30
• NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.