AUD/USD Reacts from the RBA-Fueled Slide despite AU GDP Slowdown
The pair extended its losses on Tuesday after the RBA’s dovish hold, but bounces back today despite weak AU GDP print, with the US NFPs looming
The pair extended its losses on Tuesday after the RBA’s dovish hold, but bounces back today despite weak AU GDP print, with the US NFPs looming
Watch today’s US Open for insights on the dovish hold by the Australian central bank, the drop in oil prices despite OPEC+ cuts, dovish ECB remarks and more
The pair falls after last week’s steep deceleration in Eurozone inflation and faces renewed pressure today, after hawkish ECB member hinted at peak rates
Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more
The pair extends this month’s rally after the New Zealand central bank kept more tightening in play despite holding rates steady, but today’s US PCE inflation update can determine its trajectory
The central bank maintained rates at 5.5% for fourth straight meeting on Wednesday, but appeared concerned about inflation, warning of further tightening and raising its terminal rate projection
Watch today’s US Open for insights on the persistent Japanese inflation and its impact on USD/JPY, the cautious return of Wall Street from Thanksgiving and key events ahead including US and Eurozone inflation updates
The pair shows signs of exhaustion as a profitable month heads to a close, awaiting Thursday’s inflation updates from Eurozone and the US, among other releases
In a previous article we suggested that the US 10-year real rate was topping out and had charted a head and shoulders top. This pattern is still evident but is yet to breakdown. Rather the real yield has found support near the 2.09% (green horizontal arrow). In fact, the real yield has bounced slightly since hitting support and is now trading near 2.20%. FXCM’s USDOLLAR has continued to chart a…
The pair rises as the UK PM touts the pledge of almost £30 bln in foreign investment following the “Autumn Statement for Growth”, which also strengthens prospects for a prolonged restrictive stance by the BoE
In a somewhat mixed and holiday-thinned week, the pair faces difficulties after today’s CPI data from Japan showed persistently elevated inflation, keeping pressure on the BoJ for policy normalization
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