Time – 4 April @ 14:30 AEDT
In the March RBA meeting minutes, the RBA noted policy was now in restrictive territory and they would “reconsider” the case for a pause in the April meeting. Is there enough new information to compel this pause?
Market expectations - hike or a pause?
The market prices just 4bp of hikes for this meeting, equating to a 16% chance of...
The Australian dollar is trading at 0.6670 in Europe, down 0.57%. Australian inflation was lower than expected, raising speculation that the Reserve Bank of Australia might pause at its April meeting.
Australia's inflation rate for February eased to 6.7% y/y, down from 7.4% prior and the 7.2% estimate. It may be too early to declare that inflation has peaked, but...
Hey Traders, AUDJPY is trading in a descending channel, in the coming week i expect JPY to continue outperforming AUD as JPY is considered a safe haven in time of uncertainty in the Forex Market so it may continue to strengthen against commodity currencies and as Reserve Bank of Australia attend an 11 Years interest rate high that open a door for a pause and...
The Australian dollar has taken investors on a roller-coaster ride this week, reflective of the gyrations we're seeing in the financial markets. In the North American session, AUD/USD is trading at 0.6656, up 0.56%.
Australia's employment report for February was stronger than expected. The economy produced 64,600 news jobs, after a decline of 10,900 in January....
The Australian dollar, which has posted strong gains early in the week, has run into a wall on Wednesday. In the European session, AUD/USD is trading at 0.6638, down 0.66%.
Australia releases the February employment report on Thursday (Australia time). Job growth is expected to rebound, with a consensus of 48,500 after a soft January read of -11,500. The...
The AUD/NZD currency pair has recently broken through a key support level and is now being retested as a resistance level. This development comes just before the RBA interest rate decision, which is expected to result in a 25-point increase. However, traders should keep an eye out for signs that the central bank is taking a more dovish stance or downplaying the...
The AUDUSD remains "trapped" between the support (0.67) and resistance (0.6780) in the lead up to the Reserve Bank of Australia (RBA) interest rate decision at 11:30am GMT+8
The current expectation is for a 25bps rate hike, to take the interest rates in Australia from 3.35% to 3.60%. Generally, since August 2022, every interest rate hike from the RBA had seen the...
The NZDUSD traded lower before the US market session as the price broke below 0.62 to test the 0.6170 intermediate support area.
However, due to the overnight weakness of the DXY, moves to the downside was sustained as the NZDUSD reversed strongly to reclaim and trade beyond the 0.62 resistance turned support level.
With the Reserve Bank of Australia (RBA)...
The AUDUSD traded with significantly choppy price action toward the end of last week. The price generally fluctuated along the 0.6750 price level before trading slightly higher, toward the resistance level of 0.6780, due to the weakness of the DXY.
Although the AUDUSD has been trapped within the price range of 0.67 and 0.6780 in the short term, the current DXY...
It might be a big week head for the markets.
Monday
CHF CPI data release. The inflation gauge for the Swiss is expected to be lower than previous, signaling a slowdown in inflation growth. Could result in some weakness in the CHF if markets anticipate no more rate hikes to come from the SNB.
Tuesday
Reserve Bank of Australia (RBA) interest rate decision....
The Australian dollar is showing strong gains for the first time in a week. AUD/USD is trading at 0.6764 in Europe, up 0.53%.
Australia's inflation fell to 7.4% in January, down from 8.4% in December and below the estimate of 8.0%. Australian Treasurer Jim Chalmers said that he was "cautiously hopeful" that inflation has peaked, but inflation still remained the...
Overnight, the AUDUSD fluctuated between the 0.67 and 0.6760 price range as the DXY retraced lower but recovered in strength toward the end of the trading session.
Early this morning, the AUD CPI was released at 7.4% (Forecast: 8.1% Previous: 8.4%) which was significantly lower than expected. This signals that the ongoing interest rate hikes from the RBA are...
Hi, traders and TradingView community. Today we saw the AUDUSD retreat after Australian CPI data came in at 7.4, well below the 8.1% that had been expected. Unexpected data almost always has more impact on the market than expected, as it has shock effect.
7.4 is still a very firm number for inflation, and you might think, why is that a good thing? The drop is...
The Australian dollar remains under pressure and has edged lower on Tuesday. AUD/USD dropped below the 0.67 line on Monday for the first time since Jan. 3.
Australian retail sales jumped 1.9% m/m in January, following an upwardly revised 4% decline in December and beating the consensus of 1.5%. The data indicates that consumer demand remains resilient despite...
Where the ECB is being hawkish on rate hikes and has room for manoeuvre, the RBA is trying to be hawkish, but has less room due to low consumer sentiment / general backlash due to the increasing costs due to interest rates - it also seems as though inflation may have peaked, we'll find out soon enough if it's stabilising...
In terms of price action, we look to...
The Australian dollar has rebounded on Thursday, after a 2-day slide in which AUD/USD lost 100 points. In European trade, AUD/USD is trading at 0.6830, up 0.37%. On Wednesday, the Australian dollar fell to 0.6794, its lowest level since Jan. 6.
Australia's private capital expenditure jumped 2.2% q/q in Q4 2022, rebounding from 0.6% in Q3 and above the estimate of...
The Australian dollar has extended its losses on Wednesday. In North American trade, AUD/USD is trading at 0.6824, down 0.47%.
Australian wage growth was short of the forecast, with a gain of 0.8% q/q in Q4 2020. This was down from 1.1% in Q3 and below the forecast of 1.0%. Annual wage growth rose to 3.3%, up from 3.2% but below the estimate of 3.5%. This will be...
Markets are slow, they did not change much for the last sessions. Well, the only mover of the Asian session is AUD which found support at rallied after RBA hiked from 3.10% to 3.35% as expected. More important RBA mentioned that further hikes will be needed to bring down inflation, which is not a surprise after a latest jump in CPI figures. But despite the hawkish...
