Australian Dollar Outlook: All Eyes on CPI Ahead of RBA and Fed Meetings
The Australian Dollar consolidated this week despite increasing external volatility. Australian CPI could hold the key for AUD/USD in the near term.
The Australian Dollar consolidated this week despite increasing external volatility. Australian CPI could hold the key for AUD/USD in the near term.
Bullion came into its own this week after U.S. Treasury yields slid lowering the cost of holding the non-interest bearing metal, while XAU/USD finally breaks 1830.
The Pound has been rather impervious to allegations of lockdown parties in Downing street but cracks in Sterling are beginning to show
Canada Retail Sales Reports for the month of November
The Australian Dollar rose overnight against the US Dollar and may continue strengthening after a rosy Australian jobs report crossed the wires. A potential rate cut from the PBOC is on tap.
UK PM Boris Johnson’s tenure in No.10 Downing Street may soon come to an abrupt end if a report out next week implies that he lied to Parliament.
Bitcoin has lost 45% of its ‘value’ since the all-time high in November 2021 and broke below the 40k level overnight as global risk sentiment sours
All eyes on the Fed next week as Aussie would likely outperform on a hawkish disappointment.
The rand has evaded risk aversion today after escalating Russia-Ukraine tensions. USD/ZAR trades at significant levels ahead of SARB and Fed interest rate decisions.
The US Dollar is holding support in a short-term bull flag, but the onus remains on bulls to negate last week’s bearish structure.