Summary We have high-impact data this week for the AU market, which could impact the AUD/USD. USD is likely to weaken over this week with risk to the upside for the AUD to gain strength. Expecting the AUDUSD to range between 0.6680 and 0.6570 this week on technical analysis. – We expect the RBA to
Summary • We have high-impact data this week for both AU/US markets, which could impact the AUD/USD. • USD likely to trade within the range this week/consolidate after last week’s big drop. • Expecting the AUDUSD to range between 0.6560 and 0.6450 this week on technical analysis. -This week’s AU/USD data can provide a lift
• No high-impact local data this week, only high-impact US events that may strengthen USD. • Potential upside to AUD/USD this week if RBNZ hikes the cash rate on Wednesday. • Expecting the AUDUSD to range between 0.6680 and 0.6570 this week on technical analysis. Not much happening in the AU market that could potentially
• 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