Jobless Claims

AUD/USD has climbed to 0.7187, its strongest level since May 29, as traders weigh possible RBA and Fed policy divergence. The bullish setup remains focused on 0.7280, while a break below 0.7100 would weaken the near-term outlook.

The Nasdaq Composite is sitting near a key technical area after settling on the strong side of its 50-day moving average and inside a short-term retracement zone. Chip weakness, upcoming retail sales and jobless claims data, and the Netflix report after the close are shaping the next move for US technology shares.