With the Magnificent 7 rallying hard into earnings from Apple, Meta Platforms and Amazon after the closing bell, with all except the former duly delivering on those bullish expectations, it was a positive risk environment during the session, seeing the AUD/USD rebound sharply after a brief dip below .6520. Concerns about the health of regional US banks saw traders add to Fed easing bets with around six rate cuts priced in again, weighing on US two-year yields and yield spreads with other major currencies, including the AUD. You can see the net impact on the daily chart below, with the bullish hammer candle signaling ... (full story)