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The RBA's 25 vs 50bp hike debate is no longer ‘finely balanced’
The RBA’s November minutes lean towards 25bp hike/s with a pause along the way, with a 50bp hike likely requiring higher inflation expectations and wages.
Australian business sentiment stalls, consumer sentiment falls
Business confidence came to a standstill according to a monthly NAB (National Australian Bank) survey, whilst consumer confidence is its lowest since the pandemic.
Will the RBA repeat with a 25bp hike tomorrow?
The RBA are set to hold their November meeting tomorrow at 14:30 AEDT and, whilst the consensus is for a 25bp hike, it doesn’t mean they won’t do a 50bp one instead.
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Will the RBA repeat with a 25bp hike tomorrow?
The RBA are set to hold their November meeting tomorrow at 14:30 AEDT and, whilst the consensus is for a 25bp hike, it doesn’t mean they won’t do a 50bp one instead.
Australian inflation is the latest ‘hot beat’ on the dancefloor
Economic data beats are usually a good thing, unless it is in the guise of much higher than expected (and already elevated) inflation.
Australian inflation is the latest ‘hot beat’ on the dancefloor
Economic data beats are usually a good thing, unless it is in the guise of much higher than expected (and already elevated) inflation.
AUD remains rangebound ahead of tomorrow’s inflation report
Australian inflation data is released tomorrow, and if it comes in hotter than expected – like it did on New Zealand – if adds another fly in the ointment for the RBA
AUD remains rangebound ahead of tomorrow’s inflation report
Australian inflation data is released tomorrow, and if it comes in hotter than expected – like it did on New Zealand – if adds another fly in the ointment for the RBA
Soured sentiment keeps AUD/JPY on the ropes
Concerns that the US is headed for stagflation weighed on sentiment yesterday, which has placed AUD/JPY back onto our bearish watchlist.
Australian growth rebounded in Q4
Hopes that growth in Australia would rebound in Q1 were easily met, with GDP rising 3.4% q/q compared to 3.0% expected.
The Aussie rallies on strong retail trade
Punchy retail data sent the Aussie higher across the board. Yet with US CPI expected to rise further tomorrow, the upside may be limited for AUD/USD.
European Open: Indices mixed, oil and energy lower, RBA hold rates
With no surprises by the RBA and mixed data from Asia, traders looked to weaker oil prices for a lead.
Aussie Pairs Nearing Key Support: AUD/CAD, AUD/JPY, AUD/USD
Forsome pairs, the Australian Dollar is running into support.
China is supportive of AUD
Chinese non-manufacturing PMI climbed to 53.6 (vs 53.5 expected) from 53.2 in April, which is positive new for AUD.
China weighs on AUD
China didn’t set an annual growth target and puts pressure on Hong Kong, which negatively impacts the AUD.
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Two trades to watch: #Oil falls to a 2022 low as China hurts the demand outlook #AUDUSD drops 1% after weak Australian retail sales & amid unrest in China as COVID restrictions ramp up. Read more: https://t.co/j1gj7bgCA1 https://t.co/N84OJUsnY5
8:47 AM − 28 Nov 2022
AUD is still supported by China
AUD benefits from better China's industrial production.
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Beef war between Australia and China
China has decided to suspend beef imports from some Australian abattoirs but AUD remains resilient.
AUD is taking advantage of China’s exports growth
AUD is taking advantage of the unexpected China’s exports growth.
AUD/USD may be Ready It’s Next Move!
If the RBA remains dovish and if stocks move lower, AUD/USD may head lower as well.
Australian Manufacturing PMI is facing a drop
Australia is still facing challenging times as Manufacturing PMIs are facing drops.
AUD slightly impacted by Chinese GDP contraction
On Friday, China reported that its first-quarter GDP shrank 6.8% on year
Make It or Break It for The Australian Dollar
China seems to be back in business after being shut down completely for 2 months.