• A few high-impact events this week for AU & US markets, resulting in potential volatility. • AUDUSD to be influenced by US retail sales and AU employment, as well as USD being oversold. • Expecting the AUDUSD to range between 0.6710 and 0.6620 this week on technical analysis. • Based on technical analysis, the
Summary • Minimal high-impact events this week for AU & US markets, meaning low volatility is expected. • USD may receive a boost from CPI numbers on Wednesday, weighing on the AUD/USD pair. • Expecting the AUDUSD to range between 0.6700 and 0.6790 this week on technical analysis. • This week is expected to have
• The RBA, FOMC & the ECB all meet this week, so a heavy interest rate decision week could see huge volatility in the FX markets. • A likely probability of a 25bp hike on Tuesday from the RBA could see the AUD/USD rise towards 67c because markets are pricing no change (surprise to the
We have Q1 23 US GDP this week, which could materially impact the USD & US interest rates. Could potentially see AUD/USD hovering around 0.6650, especially if AU Q1 23 CPI is weaker than expected. US PMI’s for April were stronger than expected, but ISMs will be closely watched. • USD & US rates will
* AUD/USD nears 70 cents * Iron Ore at 7-month high; Gold at 9-month high * Focus on local job numbers (Thurs) and US Retail Sales (Wed) The AUD/USD rallied to another new 5-month high over the weekend, reaching 0.6994. Continued selling of the greenback following softer than expected US December Inflation numbers late last
* AUD/USD reaches new 5-month high overnight * US inflation falls in December. First fall since May 2020 * Stronger commodity prices also help support the Aussie Softer US inflation numbers released last night, especially for the month of December, have seen the AUD/USD rally to a high of 0.6984 overnight – a level not
* AUD/USD reaches 0.6948 overnight. New 5-month high driven by US interest rate speculation * BIG week for Inflation data. Releases from Australia and China (tomorrow) and the US (Thurs) * RBA next meets 7 Feb; US Fed next meets 31 Jan – 1 Feb For the first Daily Currency Outlook of the year please
* AUD pushes higher against all major currencies * Focus on US data tonight/tomorrow * Best wishes for Christmas and Happy New Year In a sea of green, the AUD opens this morning slightly higher against all major currencies. Against the USD, the Aussie climbed slowly through the night from its close of 0.6671 to
* AUD opens the week virtually unchanged from Friday’s close * Little local data this week. Focus on US GDP and Durable Goods * Argentina win Soccer World Cup 4-2 on penalties The AUD opens this morning against most major currencies virtually unchanged from Sydney’s Friday close. Against the greenback, the Aussie closed at 0.6702
* Aussie opens virtually unchanged as US Fed hike * US Federal Reserve increased interest rates by 0.5% as expected * Local employment nos. due out this morning As expected, the US Federal Reserve delivered a 0.5% interest rate rise early this morning. The delivery of the 50-basis point hike, which broke a trend of