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USD/JPY, AUD/JPY, NZD/JPY: Hot inflation may not be enough for US dollar bulls
Unless we see a big upside surprise in Thursday's PCE inflation report it may be difficult for US bond yields to continue pushing higher, limiting the fuel that helped propel the US dollar higher over the past two months.
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/JPY nears 17-month high, ASX 200 looks set to bounce: Asian Open
AUD/JPY has fast approached a pivotal level to hint that an eventual breakout could be on the cards, even if not immediately. The ASX 200 looks sets to bounce after positive earning from Nvidia lifted Wall Street futures after market hours.
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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.
AUD/USD weekly outlook: Powell, RBA rate decision in focus
Monday could be off to a volatile start if Jerome Powell’s 60-minutes interview causes a stir for global markets. Whilst the RBA meeting, press conference and updated forecasts could drive sentiment for AUD and the ASX next week
Growing risk RBA may cut rates before the Federal Reserve
There’s a growing risk the RBA may end up cutting interest rates sooner than US Federal Reserve with a slowdown in underlying inflationary pressures in the December quarter seeing markets shift forward expectation for a 25 basis point rate cut to early May.
ASX 200, AUD/JPY bouncing back with improved risk appetite
With risk appetite back in full swing and market indicators on US recession risk providing a green light for the soft landing narrative, cyclicals such as Australia’s ASX 200 and AUD/JPY recovered last week, returning to the uptrend they’ve been in since the risk rival revival took hold in late October.
ASX 200, AUD/JPY: Looking vulnerable to downside as risk appetite wanes
With markets starting to question how many rate cuts we’ll see from major central banks this year, sentiment towards China’s economic outlook deteriorating rapidly and riskier asset classes coming under pressures, Thursday shapes up as an important session for Australia’s ASX 200 and the AUD/JPY .
AUD/JPY looking heavy on the charts as risk rolls over
AUD/JPY offers decent risk-reward for traders considering longs or shorts right now, sitting on uptrend support with ample room to move in either direction depending on how the price interacts with this level in the near-term.
The top 10 most volatile currency pairs in 2023
These are the most volatile FX pairs in 2023. Learn how to trade them and use volatility to your advantage.
AUD/USD lower as the mood darkens with appetite for risk on the ropes
Whilst the Asian session started off quietly enough, slowly but surely dark clouds have begun to form to provide an ominous feeling that something could crack. US futures are pointing lower, AUD/USD and the ASX 200 tapped fresh YTD lows and AUD/JPY – a classic barometer of risk - extended its losses for a second day to a 7-day low.
AUD/JPY, WTI crude oil: Israel-Hamas conflict, inflation reports to set the tone
Geopolitics, inflation reports and sentiment towards Chinese markets will likely dominate proceedings for AUD/JPY and crude oil this week, putting their respective uptrends to the test during a time when investor risk appetite is particularly weak.
ASX 200, AUD/JPY: Tentative rebound subject to substantial headline risk
For ASX 200 and AUD/JPY, until the geopolitical situation in the Middle East improves, adopting a sell-on-rallies approach remains the most appropriate strategy for those and other cyclical asset classes.
ASX 200, AUD/JPY: Fed policy pivot hopes drive rapid rebound
Money markets are betting the Fed rate hike cycle is over with up to 100 basis points of cuts expected in 2024, boosting cyclical assets classes such as the ASX 200 and AUD/JPY.
Gold and AUD/JPY hint at reversals: Asian Open – 06/10/2023
It has been another volatile week for markets overall. But based on the principle that markets (rarely) move in a straight long for extended periods, perhaps we're due some mean reversion. Gold might tick that box above 1800, and if risk-off returns then AUD/JPY around resistance has caught our eye.
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.
AUD/JPY: A proxy trade on China’s outlook that does not involve USD
Having been driven by rate differentials for much of the past three years, AUD/JPY is evolving into an effective way to express a view towards China’s outlook that does not involve the US dollar.
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USD/CNH, AUD/JPY: China ‘data dump’ relieves pressure on yuan, Australian dollar
China’s August “data dump” has come in ahead of expectations, solidifying the view activity in the world’s second-largest economy is beginning to stabilise.
AUD/JPY prints swing high ahead of BOJ: Asian Open Date – 27th July 2023
With the Fed meeting behind us, the focus now shifts to ECB and BOJ meetings ahead of the weekend. Soft AU inflation helped send AUD lower, but can an upwardly revised inflation forecast from the BOJ tomorrow help topple AUD/JPY? As we see in today’s chart, an important swing high appears to have formed.
AUD/USD, AUD/JPY Analysis: Jobs data keeps hawkish pressure on the RBA
The Australian dollar has spiked higher across the board after the economy delivered another rate-hike defying report. And that has seen AUD/JPY and AUD/JPY break out of their recent consolidations to the upside.
AUD pairs in focus for AU employment: Asian Open - 20th July 2023
The RBA will be keeping a close eye on today's employment figures from Australia. If they continue to outperform then it keeps some pressure on the RBA to at least strike a hawkish tone at their next meeting, or potentially hike if next week's inflation figures are too hot. And that places AUD pairs in focus, and today we're looking at a potential long setup on AUD/JPY at the lower end of its trading range.
WTI, ASX 200, AUDJPY analysis: Oil prices gap higher on Saudi cuts
Oil prices gapped higher at the Asian open following the weekend's news that Saudi Arabia are to cut oil production by 10% from July, whilst improved appetite for risk helped the ASX 200 and AUD/JPY rally on Friday.
AUD/USD, AUD/JPY analysis: Employment report cools RBA-hike bets
With wage growth slightly above expectations yesterday, a strong employment report could have seen further calls for RBA to hike in June. Only, employment was softer.