AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
Share: AUD/USD is eyeing more weakness to near 0.6900 amid hawkish Fed policymakers’ guidance. Fed Waller cited the battle to reach the 2% inflation target “might be a long fight”. The Australian Dollar will dance to the tunes of China’s inflation data. The AUD/USD pair has gauged an intermediate cushion around 0.6920 in […]
Surfing the Waves with Gregor Horvat: EURUSD, AUDUSD, GBPUSD, XAUUSD, DAX, CADJPY & More!
Surfing the Waves with Gregor Horvat: EURUSD, AUDUSD, GBPUSD, XAUUSD, DAX, CADJPY & More! – Orbex Forex Trading Blog Home Technical Analysis Surfing the Waves with Gregor Horvat: EURUSD, AUDUSD, GBPUSD, XAUUSD, DAX, CADJPY & More! […]
Not expecting recession in 2023
Share: Australia’s Treasurer Jim Chalmers said on Wednesday, they are not foreseeing a recession for the Australian economy despite a potential downturn. Key quotes “The expectation of the Treasury forecasters is higher interest rates combined with difficult global conditions will slow our economy considerably, but they don’t expect at this point a recession here […]
AUDUSD Potential for Bearish Drop to intermediate support |
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AUDUSD Potential for bearish drop towards intermediate support |
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AUD/USD bounces on RBA but still faces Powell hurdle
The RBA delivered with a 25 bps rate hike as expected but it was a change to the forward guidance that really helped to give the aussie a boost so far today. A notable change is that the central bank removed the wording that policy is not on a “pre-set course”, instead choosing to emphasise […]
Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?
Australian Dollar, AUD/USD, RBA, CPI, Trade, China, ASX 200, Fed, US Dollar – Talking Points The RBA hiked for the ninth time to 3.35%, a lift of 25 basis points AUD/USD firmed in the immediate aftermath but eased since The RBA sees more hikes ahead. Will that underpin AUD/USD? Recommended by Daniel McCarthy Get Your […]
AUD/USD to rise towards 0.72 in the latter half of the year – Rabobank
Share: On Friday, AUD/USD dove back below the 0.700 level. Economists at Rabobank continue to see scope for AUD/USD to strengthen to 0.72 towards the back half of this year. AUD/USD to trade mostly in the 0.69-0.70 area on a three-month view “An as expected 25 bps rate hike from the RBA this […]
Aus-Sino trade and commerce ministers conducted pragmatic, candid exchanges
China’s Commerce Ministry said in a statement on Monday that Australian and Chinese trade and commerce ministers conducted pragmatic and candid exchanges. Additional comments Australia and China trade ministers held virtual meeting on Feb 6. China, Australia are important economic, trade partners. Bilateral economic, trade cooperation is mutually beneficial. Two sides should work together to […]
Working with China to resume full trade
Australian Trade Minister Don Farrell said on Monday he will travel to Beijing at China’s invitation, as they are working with China to resume full trade. Additional comments Will meet Chinese counterpart soon. The two have agreed to enhance dialogue at all levels, including between officials as a pathway towards a timely and full resumption […]