Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, RBA, CPI, RBNZ, AUD/NZD – Talking Points The Australian Dollar ran higher after CPI figures beat estimates Both the headline and trimmed measures were above forecasts The RBA might have a problem on their hands. Will AUD/USD continue higher? Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian […]
Sticky Australian inflation data may add steam to the rally – ING
AUD/USD broke decisively above 0.7000 yesterday. Australian Consumer Price Index data for the fourth quarter could fuel the rally if figures come out sticky, economists at ING. AUD/NZD may retest the recent 1.0950 highs soon “Tonight’s fourth-quarter CPI data in Australia will be key, as evidence of sticky inflation may force a hawkish repricing across […]
Focus on Australian CPI, Microsoft earnings report and ChatGPT
Asia-Pacific markets traded higher on Tuesday morning, with the Nikkei 225 rising 1.46% while the Japanese Yen gained 0.42% against the US dollar. Markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Singapore are closed due to the Lunar New Year holiday. The euro hovered near a 9-month high against the US dollar, drawing […]
Australian Dollar Eyes New Heights Ahead of Crucial CPI Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, CPI, Iron Ore, Gold – Talking Points The Australian Dollar has made ground today on US Dollar weakness While the market is rightly focussed on tomorrow’s CPI, PPI on Friday might impact China is on holiday, but commodities are buoyant. Will AUD/USD make a new high? Recommended by […]
Australian official inflation data is due mid-week – preview.
The Australian Bureau of Statistics will be publishing CPI data for the October – December quarter on Wednesday, 25 January 2023 at 11.30 am local time in Sydney: 0030 GMT on Wednesday, 25 January 2023 1930 US ET I posted this yesterday: Priors and expected: Headline For the y/y, Core inflation Inflation Inflation is defined […]
GLOBAL MARKETS-European stocks edge higher, Wall Street futures flat
European stock indexes edged higher on Monday, while Wall Street futures struggled to make gains as investors weighed up recession fears with hopes that inflation could be past its peak. Liquidity was thin during Asian trading hours as markets in China, Hong Kong, Singapore, Malaysia, South Korea and Taiwan were closed for the Lunar […]
Higher Australian Inflation Expectations Keep Aussie Bid
AUD/USD ANALYSIS & TALKING POINTS Another hike by RBA could be backed post-CPI later this week. China crucial to commodity outlook for Australia. Golden cross may lead to additional AUD upside to come; 0.7000 under threat. Recommended by Warren Venketas GET YOUR FREE AUSSIE DOLLAR Q1 FORECAST AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP Trade Smarter – Sign […]
Australian inflation data this week – the RBA will be eyeing it for the February 7 meeting
Australian CPI data for the December quarter (October – December) is due on Wednesday 23 January 2023 at 0030 GMT (0530 US ET): This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the […]
Australian Dollar, Dow Jones at Risk as Fed Officials Stress Tight Policy Ahead
Australian Dollar, AUD/USD, Dow Jones, Hawkish Fedspeak – Asia Pacific Market Open: Australian Dollar fell Thursday as risk aversion sank Dow Jones Hawkish Fedspeak was a key driver, Asia-Pacific markets at risk AUD/USD remains above the 20-day Simple Moving Average Recommended by Daniel Dubrovsky Get Your Free AUD Forecast Asia-Pacific Market Briefing – Australian Dollar […]
Australian dollar extending its losses, USD more broadly higher
<p>The Australian dollar dropped after the employment report:</p><p><a href="https://www.forexlive.com/news/australian-december-unemployment-rate-35-vs-expected-at-34-and-prior-also-34-20230119/" target="_blank" rel="follow" data-article-link="true">Australian December unemployment rate 3.5% vs. expected at 3.4% and prior also 3.4%</a></p><p><a href="https://www.forexlive.com/news/australian-dollar-lower-following-the-jobs-report-20230119/" target="_blank" rel="follow" data-article-link="true">Australian dollar lower following the jobs report</a></p><p>AUD/USD has extended lower still, to just under 0.6900. </p><ul><li>NZD/USD has lost some ground with it.</li><li>EUR is a touch softer. USD/JPY has […]