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AUD/USD snaps 4-day winning streak, ASX 200 set to follow? Asian Open
The Australian dollar handed back all of its pre-RBA gains, which was trying to notch up a fifth consecutive bullish day on anticipation of a more hawkish RBA. Yet the statement was not overly hawkish and Governor Bullock said the RBA “believe rates are at the right level to get inflation back to target”. Inflation was revised higher to show inflation falling back to target at a slower pace and the RBA remain “vigilant” to upside risks.
RBA backs uncertain productivity turnaround to achieve inflation target
The Reserve Bank of Australia (RBA) kept Australia’s cash rate unchanged at 4.35% in May but refrained from increasing its longer-term underlying inflation forecasts, limiting the risk of a near-term interest rate hike.
ASX 200, SGX iron ore: Bullish breakouts on the menu, hawkish RBA a risk
Tuesday looms as a potential make-or-break session for Australia’s ASX 200 with futures sitting at a key technical level on the charts ahead of the RBA interest rate decision. One saving grace may be the continued rebound in iron ore futures in Singapore.
AUD/USD weekly outlook: AU CPI, AUD forward returns for Easter
Due to the shorter trading week, we take a look at how AUD/USD has performed around Easter over the past 30 years.
AU employment data leaves no room for RBA easing: AUD/USD, AUD/CHF
Over the past few hours we have seen the Fed hint at multiple cuts this year, and Australian employment data outperform to send AUD/USD above 66c.
Big session for ASX bulls as uptrend support gives way
Friday looms as an important day on the directional risks for Australia’s ASX 200 with futures puncturing through uptrend support overnight dating back to when the Fed pivoted away from rate hikes in early November. Recent history suggests it may pay to wait to see whether the break sticks.
AUD/USD: Growing risk Australia’s economy went backwards in late 2023
Risks are growing that Australia’s economy went backwards in the December quarter, keeping alive the prospect of the Reserve Bank of Australia bringing forward rate cuts following a string of weak domestic economic data last week. AUD/USD therefore remains a sell-on-rallies prospect.
AUD/USD weekly outlook: AU GDP figures in focus for the RBA
Australia’s economy is slowing, but there’s a chance GDP could come in softer than the RBA’s own forecast. And that could weigh on AUD/USD on renewed RBA-cut bets.
AUD/USD outlook: RBNZ, US and AU CPI to drive the Australian dollar
It could be an interesting week for the Australian dollar if caught between the crossfire of the RBNZ meeting, Fed talk and US inflation data. We also have an Australian inflation report to throw into the mix for good measure.
AUD/USD weekly outlook: RBA, FOMC minutes, wages and PMIs on tap
AUD/USD could be susceptible to movement from minutes of the recent FOMC and RBA meetings. But with Australian unemployment data hitting a three-year high, a softer set of wage figures could bring forward bets of a rate cut.
AUD/JPY falters at key highs once more as AU unemployment rises
Australia's unemployment rose to a three year to knock AUD pairs from their perches. But in particular I'm keeping an eye on AUD/JPY which has reversed at a key resistance area.
Australia’s ASX 200 vulnerable on shakeout of soft-landing bets
Having been a major benefactor from the soft-landing narrative, the combination of higher global interest rates and stretched valuations has Australia’s ASX 200 index under pressure.
AUD/USD weekly outlook: US inflation, AU jobs figures to drive AUD
AUD/USD traders will keep a close eye on US inflation data to decipher Fed policy, Australia's employment report to see if another month of strong job losses ensues.
AUD/USD upside hamstrung by Australia’s stretched consumer
Bargain hunting by cost conscious consumers saw Australian retail sales volumes accelerate slightly in the final three months of 2023, reducing the risk of a negative growth when the December quarter national accounts are released in early March.
AUD/USD, EUR/AUD: The Australian dollar trading poorly despite macro tailwinds
The Australian dollar was given every excuse to rally on Wednesday and couldn't, finishing the session lower than where it started. Telling.
ASX 200 priced for perfection nearing tricky technical test
Australia’s ASX 200 is rallying for a fourth session on the back of big gains in banks, healthcare and record highs on Wall Street, seeing it approach what some may declare to be a “death zone” for bulls based on price action of recent years.
ASX 200 forecast: Forward testing the ASX 200 around Australia Day
Forward returns look at the historical performance of an asset around key dates or times. In this article, we look at how the ASX 200 has performed in the three days before and after Australia day.
ASX 200 forecast: Do many bulls remain at these highs?
Once again we have seen the ASX 200 turn lower after a failed attempt to break above 7700. And when you consider the ASX has fallen double digits in percentage term from these highs, it is worth paying attention to.
AUD/USD: Sticky domestic price pressures to collide with US disinflation narrative
The AUD/USD's global focus may pause temporarily later this week when Australia’s inflation indicator is released, containing a whole raft of new information on what’s happening with prices at the consumer level, especially for services.
AUD/USD, ASX 200: Australia’s jobs report takes on greater significance for the RBA rate outlook
Australia’s September jobs report is arguably the most important G10 FX data release in the world on Thursday, ensuring there’ll be significant interest among AUD/USD and ASX 200 traders.
AUD/USD, AUD/JPY: Softening macro backdrop, BOJ threat amplify downside risks
The combination of a deteriorating macroeconomic backdrop, the first monetary policy decision from a new RBA governor and threat of market intervention from the Bank of Japan has created an interesting mix for the AUD/JPY.
ASX 200 analysis: Like it or not, it’s holding above 7k post CPI
The ASX 200 has continued to show resilience around the key 7,000 support level, despite the surge on bond yields, negative sentiment and rising inflation. What if sentiment improves?
AUD/USD: focus on underlying inflation, fade moves on headline volatility
In an environment of heightened risk aversion, sluggish global economic growth and continued grind higher in rates, a volatile monthly inflation indicator from Australia doesn’t scream as overly important.