FX News Post
WEEKLY CURRENCY OUTLOOK
• RBA announcement, Wage Price Index & AU employment are the key headliners this week for AU! • RBA expected to DROP to 4.1% (-0.25%), WPI expected the same, and AU unemployment rate to 4.1%. • AUDUSD expected to strengthen on AU data, pivoting between 0.6267 & 0.6403. • It is widely expected for the
WEEKLY CURRENCY OUTLOOK
• US CPI & PPI the key headliners for this week in the US market, with no major events in AU. • US CPI expected to remain the same @ 2.9% y/y, minimal impact if met. PPI in @ 0.2% m/m. • AUDUSD expected to weaken further due to US strength, pivoting between 0.6135 &
WEEKLY CURRENCY OUTLOOK
Non-farm payroll is the key headliner this week in the US, with no high-impact AU events. Positive change expected of 154K with unemployment rate same @ 4.1%. AUDUSD is sitting on key support, potential upside movement, pivoting between 0.6116 & 0.6315. • AUDUSD is expected to fall further this week on the back of USD
WEEKLY CURRENCY OUTLOOK
• Heavy duty events this week with US FOMC decision, Retail Sales & PCE Price Index. • US fe funds rate to fall to 4.50%, US retail sales @ 0.6% & PCE Price Index @ 0.2%. • Expecting AU to remain bearish this week, hovering between 0.6306 & 0.6441. • We expect AUD to continue
WEEKLY CURRENCY OUTLOOK
• US NFP & AU GDP the key headliners this week. • AU GDP forecasted @ 0.5% m/m, US NFP forecasted +215K & 4.2% unemployment rate. • Expecting AU to remain bearish this week, hovering between 0.6451 & 0.6547. • AUD is likely to be weighed down by the strength of USD this week in
WEEKLY CURRENCY OUTLOOK
• Key inflation readings this week are the key headliners for both AU & US markets. • AU CPI forecasted @ 2.5% y/y (+0.4%), US PCE Core Index forecasted 0.3% m/m (same as prev). • Expecting AU to remain bearish this week, hovering between 0.6401 & 0.6559. • Expecting AUDUSD to trade bearish this week,
WEEKLY CURRENCY OUTLOOK
• Very light week for data with no major headliners to be aware of. • Unemployment claims in the US are expected at +220k, around the same as previously. • Expecting AU to remain bearish this week, hovering between 0.6398 & 0.6555. • AUD will remain heavy in the absence of any high-impact data in
WEEKLY CURRENCY OUTLOOK
• Heavy week for AU/US markets with US CPI & AU Employment headlining, post-Trump winning. • CPI expected @ 2.4% y/y (same), AU employment with +25.2k change, and 4.1% unemployment. • Expecting AU to range this week with a bearish bias, hovering between 0.6500 & 0.6675. Market Snapshot (9:00 am AEST) • Seems like AUD/USD
WEEKLY CURRENCY OUTLOOK
• HUGE WEEK IN THE US MARKETS WITH US ELECTIONS & CASH RATES FOR AU / US. • Trump expected to win, the US FOMC rate to fall, and the AU cash rate to remain the same. • Expecting AU to range this week with a bullish bias, hovering between 0.6526 & 0.6603. • AUD/USD
WEEKLY CURRENCY OUTLOOK
• High impact data absent week this week for both AU & US markets. • AUDUSD is expected to trade within a tight range this week without major global data. • Expecting AU to range this week with bullish bias, hovering between 0.6661 & 0.6749. • AUDUSD is expected to trade within a tight range