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Fears of global slowdown continue to weigh on Copper and AUD/USD
With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!
Key takeaways from todays RBA communique and what it means for the AUDUSD
Following last week's mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning.
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When a 75-bps hike is still a baby step – US Housing data in focus
The Fed delivered their well-telegraphed 75-bps hike and left the door open for another one in July. Whether it can tame the inflationary beast remains debatable.
RBA Preview and what next for the AUDUSD?
At its monthly meeting next Tuesday, the 7th, the Reserve Bank Board is widely expected to raise the cash rate from its current setting of 0.35%.
AU Q1 2022 GDP preview and what comes next for the AUDUSD
Just one week before the highly anticipated June RBA Board meeting, Australian Q1 2022 GDP is set to drop this Wednesday.
Are commodity currencies about to reverse vs the US Dollar?
NZD/USD and AUD/USD have hit key Fibonacci retracement levels and held.
AUDUSD slumps after soft wages data and fears of new lockdowns in China
After the RBA Minutes noted yesterday that members had considered a 40bp rate increase at the May meeting, the focus for traders this morning was firmly on Q1 AU 2022 wages data - seeking clues as to the size of the RBA's next rate hike.
AUDUSD bounces back on RBA minutes and China headlines
This morning saw the release of the RBA’s May meeting minutes. The market was hoping for clues on the likely size of next month’s rate hike, particularly after the bank caught all commentators on the wrong foot last month by raising rates by 25bp to 0.35%.
Where are the tail risks for this weekend's Australian Federal Election?
The Australian Federal Election is just five days away. Both polling and betting markets have the ALP well ahead. As illustrated by Brexit, Donald Trump’s election in 2016 and the Australian Federal Election in 2019, polls are not fool proof.
Aluminum at support. What does that mean for AUD/USD?
Aluminum has been moving lower since fears of a slowdown began to sweep through the markets, and it is bringing AUD/USD lower with it.
RBA rate hike review and what comes next for the AUDUSD
For the first time since November 2010, the RBA has raised interest rates today, from a record low of 0.1% to 0.35%.
Surge in AU inflation heightens RBA rate hike expectations but is not a game changer for the AUDUSD
This morning's release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for the first time since 2010.
AUD/USD and NZD/USD highly correlated with USD/CNH
Traders can use the correlation coefficient on the 240-minute timeframe to help them determine where AUD/USD and NZD/USD may be headed next.
AUDUSD steady as jobless rate stabilises at record lows
After an impressive rebound over the past three months, Australian Labour Force data released early today has shown the pace of the recovery has slowed to a more sustainable pace in March.
ASX200 Afternoon Wrap 5th of April 2022
The ASX200 added 14 points today to 7528 after the RBA removed its dovish forward guidance at its monthly Board Meeting this afternoon.
AUDUSD screams higher on RBA loss of patience and higher commodities
The AUDUSD has surged to a 9-month high at .7639 (1.15%), following a more hawkish RBA meeting and a lift in the commodity complex overnight.
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Asian Open: AUD/USD probes the October higher ahead of RBA
Whether RBA will surprise us with a vaguely interesting meeting today or not is yet to be seen, but the fact that the Aussie sits at a pivotal level should be noted.
AUDUSD suppressed but for how much longer- Part II
Last week the Federal Reserve commenced its first-rate hiking cycle since December 2018, against perhaps the most challenging macroeconomic backdrop it has ever faced.
Asian Open: Best day for AUD in 13-months, gold hints at swing low
It was a volatile session around the FOMC meeting but after the press conference, commodities and therefore commodity currencies rallied into the close.
Asian Open: Peace talks weigh on commodities, AUD and NZD
Supply chain concerns were so last week it seems, with a bulk of key commodity markets (including gold) moving lower.
Two trades to watch: EUR/JPY, AUD/USD
EUR/JPY drops to 2022 lows in risk off trade, EZ retail sales due. AUD/USD rises as commodity prices gain, NFP next.
Australian growth rebounded in Q4
Hopes that growth in Australia would rebound in Q1 were easily met, with GDP rising 3.4% q/q compared to 3.0% expected.