AUD/USD renews weekly bottom around 0.6890 amid poor Aussie employment, downbeat yields
AUD/USD bears poke previous monthly top during a two-day downtrend from five-month high. Australia jobs report bolstered case for slower rate hike from the RBA. US Treasury bond yields renew multi-day low even as downbeat data, hawkish Fedspeak renew recession fears. AUD/USD holds lower ground near the intraday low near 0.6890 as the previous monthly […]
Aussie faces finest hour. Forecast as of 17.01.2023
2023.01.17 2023.01.17 Aussie faces finest hour. Forecast as of 17.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It’s hard to remember the times when the AUDUSD had so many growth drivers. Support from Chinese exceptionalism, the Fed’s move from the standard 25-basis-point rate hiking, and the strength of the Australian economy are the reasons for the pair’s rally. Let’s discuss […]
Aussie CPI Shows RBA Inflation Battle Tougher Than Expected
Pause for ThoughtWith the RBA being one of the first central banks to pivot on rates this year, the latest Aussie inflation data will no doubt be disappointing. Year-on-year, inflation came in at 7.3% last month, marking a sharp rise from the prior month’s 6.9% and a beat on the 7.2% market forecast. Core inflation […]
Aussie has a head start. Forecast as of 11.01.2023
2023-01-11 2023-01-11 Aussie has a head start. Forecast as of 11.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ AUDUSD has a head start in 2023, being supported by China and the Fed’s more cautious stance. Will they go on? Let’s discuss the Forex outlook and make up a trading plan. Weekly Australian dollar fundamental analysis As Fed officials unanimously speculate […]