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AUD/JPY nears 2013 high, focus shifts to Australian inflation report

A relatively hawkish meeting from the RBA has supported AUD over the past 24 hours, sent AUD/JPY to an 11-year high and made next week's inflation report the more important.

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June 19, 2024 04:38 AM
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AUD/USD weekly outlook: June 17th 2024

Price action remains choppy and challenging for AUD/USD traders on the daily timeframe or higher. This makes it better suited for intraday traders, or those seeking to trade the range by entering around the lows, exiting near highs or potentially fade into the for a move lower. It is not a glamorous way of trading, but for now we have clear levels AUD/USD is holding around.

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AUD/USD weekly outlook: June 10th 2024

AUD/USD suffered its worst day in five weeks on Friday after a strong NFP report saw the USD wipe out a week's worth of losses in just two hours.

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ASX 200 faces technical test after ramping its way into June

Obvious month-end window dressing in Australia and United States stocks drove significant late session rallies on Friday, sending Australian ASX 200 futures surging 1.5% from the lows hit in Asia. But with commodity prices down heavily on Friday including iron ore, whether the gains can stick is questionable.

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June 3, 2024 12:04 AM
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AUD/USD weekly outlook: June 3, 2024

Q1 GDP is the main domestic event for AUD/USD, although it is likely to be overshadowed by key ISM and NFP reports from the US regarding the Australia dollar's next directional move.

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AUD/USD weekly outlook: May 26, 2024

A 2-week bearish reversal pattern below resistance suggests there could be some further downside potential for AUD/USD, although Friday's bullish engulfing day hints at a minor bounce first.

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AUD/USD weekly outlook: 4-Month high for AUD, yet resistance looms

Whilst flash PMIs, FOMC and RBA minutes are on the menu this week, the success of AUD/USD is likely to come down to how the US dollar performs.

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AUD/USD weekly outlook: Patiently awaiting a breakout

The prospects of a weaker US dollar are growing which brings a potential breakout on the cards for AUD/USD, although it has some tough levels to crack first.

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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.

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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.

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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.

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AUD/USD weekly outlook: Aussie rises for a second week, RBA on tap

The RBA will announce their cash rate decision on Tuesday alongside their quarterly SOMP with updated staff forecasts. And that can quickly reshape expectations for the rest of the year and move AUD/USD accordingly.

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AUD/USD weekly outlook: AUD squares up to US dollar strength

AUD/USD notched up a 5-day rally against the US dollar despite the hotter PCE inflation report for the US on Friday. Yet resistance levels nearby suggest it may be due a pullback.

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AUD/USD weekly outlook: Geopolitical risks, AU and US inflation in focus

Whilst it appears that tensions in the Middle East have receded, headline risks remain a threat that traders need to keep in mind this week. And if sentiment is allowed to recover, economic data such as the key inflation reports for Australia and the US will be allowed to make their mark on AUD/USD.

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AUD/USD weekly outlook: Aussie bears return from the sideline

AUD/USD traders will keep an eye on NZ inflation figures next week to see if disinflationary forces are picking up pace, in hopes that it will provide a lead for Australia. But if Thursday's AU employment report continues to knock out decent figures, then an RBA cut remains to be a distant hope for the future.

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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.

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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.

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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.

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March 14, 2024 10:07 PM
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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.

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March 4, 2024 06:05 AM
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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.

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March 3, 2024 01:00 PM
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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.

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February 25, 2024 08:00 AM
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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.

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February 18, 2024 08:00 PM
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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.

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February 15, 2024 02:19 AM