Second quarter inflation in Australia rose to 6.1%.
RBA is expected to deliver a 50 bps rate hike.
There is indecision at the 0.7 psychological level.
The...
Australia’s government is planning to review the RBA.
Markets have priced in a 75 bps rate hike from the Federal Reserve.
Investors expect a slight drop...
Yet another week of recession worries saw the risk-sensitive pair plunging.
Investors are awaiting US nonfarm payroll data.
The price is making lower lows in the...
Inflation is pushing the RBA to increase interest rates.
Low US GDP could push AUD/USD higher.
The bears show possible weakness in the charts.
The AUD/USD weekly...
AUD/USD updates the intraday high, continuing its recovery from the two-week low. The market sentiment remains negative amid mixed concerns over Ukraine-Russia peace talks and concerns about the Fed. New momentum depends on Powell’s efforts to offset rate hikes, US retail sales, and risk catalysts. The AUD/USD forecast remains bearish despite the recent slight gains. … Continued
Following the recession caused by the Coronavirus, Australia’s economy continues to recover. With its prudent stance, the US Federal Reserve can assist financial markets. Despite the gloomy sentiment, AUD/USD maintains its long-term positive stance. The AUD/USD weekly forecast is bearish as the pair ended the week negative below key levels ahead of Fed’s rate decision. … Continued
