MON: FOMC SLOOS, BoJ Minutes (Sep), BoC Market Participants Survey; Japanese Jibun Final Composite/Services PMIs (Oct), German Industrial Orders (Sep), EZ Final Construction/Services PMIs (Oct), UK Final Construction PMI (Oct), US Employment Trends (Oct). TUE: RBA Policy Announcement, EIA STEO; Chinese Trade Balance (Oct), EZ Producer Prices (Sep), US International Trade (Sep), Canadian Trade Balance
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Share: The highlight of the Asian session will be RBA Bullock’s appearance before the Senate Economics Legislation Committee. Later in the day, the European Central Bank will announce its monetary policy decision, and the US will release critical economic data, including Q3 GDP and Jobless Claims. Here is what you need to know on
Australian Dollar, AUD/USD, CPI, US Dollar, RBA, Real Cash Rates – Talking Points The Australian Dollar found legs after CPI figures beat Q3 forecasts Both the headline and trimmed measures revealed tight price pressures The RBA might be looking for a move. If they lift rates, will AUD/USD get a boost? Recommended by Daniel McCarthy
National Australia Bank is forecasting a November Reserve Bank of Australia interest rate hike of 25bp, which will take the cash rate to 4.35%. NAB on the Q3 CPI data that’s due on Wednesday, 25 October 2023 at 11.30 am Sydney time, whoch is 0030 GMT and 2030 US Eastern time in summary: services inflation
A note via Westpac’s new Chief Economist, Luci Ellis. Luci Ellis was previously the Assistant Governor (Economic) at the Reserve Bank of Australia, a position she held since December 2016. news of her departure from the Bank crossed in July. Ellis has issued a note saying the outlook for the future path of RBA cash
AUD/USD ANALYSIS & TALKING POINTS RBA minutes and stronger iron ore prices back AUD. US retail sales and Fed speak the focal point for today’s session. AUD recovery cannot be labeled as a reversal just yet. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today
The Australian Dollar’s Struggles: RBA Holds Interest Rates لینک منبع : هوشمند نیوز
Share: The Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets), Christopher Kent, did not sound keen on further rate hikes and said that monetary policy is slowing the growth of demand, and inflation. Additional Quotes via Reuters: Policy lags mean some further effects of past rate hikes are still to be felt
Share: AUD/USD faces selling pressure above 0.6400 as IMF warned decline in global output due to Middle East tensions. The USD Index drifted lower swiftly to near 106.00 as Fed policymakers supported keeping interest rates steady. AUD/USD trades in a Rising channel in which each pullback is considered as a buying opportunity. The
