AUD/USD Takes One-Two Punch From US CPI-Charged Dollar, RBA Chief Commentary

Must read

Repricing Underway- ES Breakdown Levels

S&P 500 Technical Price Outlook: Near-term Trade LevelsS&P 500 technical commerce degree replace – Daily & Intraday ChartsSPX500 outside-day reversal slams again into month-to-month...

AUD/USD Forecast: Aussie Pressuring Major Resistance

Look at this as a possible “buy on the dip” scenario now that we're beginning to clear a lot in the best way of...

Crypto Expert Explains the Fear and Excitement in CAR of Accepting Bitcoin as Legal Tender

The booming of the crypto cash like Bitcoin in several areas and nations is unstoppable. This has just lately been noticed within the case...

U.S. greenback rallied Thursday whereas Aussie and Euro fell

U.S. greenback rallied Thursday whereas Aussie and Euro fell ...

Australian Dollar, AUD/USD, Fed, RBA Lowe, NZD – Talking Points

  • Asia-Pacific markets might battle as we speak after US shares drop on CPI
  • RBA Chief Philip Lowe opines towards lofty price hike expectations
  • AUD/USD fails to clear 61.8% Fib stage after pinging the 50-day SMA

Friday’s Asia-Pacific Outlook:

The Australian Dollar trimmed positive aspects versus the US Dollar in a single day after the pair hit the very best stage since January 2, pushing the change price decrease into Asia-Pacific buying and selling. A red-hot inflation report out of the United States bolstered price hike bets, pushing the US Dollar and Treasury yields greater and flattening the Dow Jones Industrial Average by 1.47%.

The risk-off sentiment might bleed over into APAC buying and selling as we speak, able to dragging Asian fairness indexes decrease, consuming into positive aspects set earlier within the week. The Australian Dollar got here underneath extra strain this morning after RBA Governor Philip Lowe pushed again towards hawkish market expectations. The RBA Chief signaled that shifting too early on a price hike would come with dangers, together with a success to the labor market.

New Zealand reported combined financial knowledge this morning. The Business NZ PMI for January fell from 53.8 to 52.1. Electronic retail card spending rose 3.0% in January on a m/m foundation, up from 0.3% m/m in December. Those numbers recommend that home client demand is rising within the island nation, a possible results of Covid restrictions being steadily eliminated in current months.

The Kiwi Dollar is almost unchanged versus the Greenback after shifting barely decrease in in a single day buying and selling. Later as we speak, NZD might transfer on enterprise inflation expectations for the primary quarter, due out at 02:00 GMT. China is about to report automobile gross sales (Jan), and Taiwan’s January commerce stability may even cross the wires. India will wrap up the day with industrial manufacturing knowledge (Dec) at 12:00 GMT.

AUD/USD Technical Forecast

AUD/USD popped and dropped in a single day, failing to defeat the 61.8% Fibonacci retracement for the second day on an intraday transfer and simply clipping the 50-day Simple Moving Average (SMA). The pseudo 50% Fib stage might flip to assist after costs struggled to clear above the extent final week. Prices might consolidate to wrap the week up, given the sunshine financial docket as we speak.

AUD/USD – Daily Chart

Chart created with TradingView

— Written by Thomas Westwater, Analyst for

To contact Thomas, use the feedback part under or @FxWestwater on Twitter

aspect contained in the aspect. This might be not what you meant to do!
Load your software’s JavaScript bundle contained in the aspect as an alternative.

More articles


Please enter your comment!
Please enter your name here

Latest article

Canadian Bitcoin ETFs Face Outflows as Investors Pivot to US Funds

nvestors are shifting from Canadian Bitcoin ETFs to US-based counterparts, with the Purpose Bitcoin ETF witnessing a big discount in holdings. Recent information counsel...

Japanese Inflation in Focus as USD/JPY Tests Tokyo’s Resolve

(AI Video Summary)Nvidia and US shares have been the star performers final week, sending the S&P 500 to a recent all-time excessive and lifting...