AUD Trading Outlook


 
17.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012

26th October

Australian Dollar (AUD) AUD/USD was strong rallying to 1.0390 before easing later in the US session from profit taking given the large rally over the last 2 days. Traders are looking to the next RBA meeting with a strong chance of a rate cut still on the table. Hotter than expected inflation data this week has underpinned the rally higher with some analysts suggesting the RBA will wait rather than risk stoking inflation by cutting rates in November. Looking ahead, Japanese CPI forecast at -0.2% vs. -0.3% previously.

25th October

Australian Dollar (AUD) the Aussie was the strongest currency in the market with Q3 inflation ‘hot’ hampering the RBA rate cutting cycle. The Q3 CPI came in at 2.0% y/y much more than the 1.6% forecast. The AUD/USD broke above 1.0300 and grinded higher after the Chinese PMI showed the Chinese manufacturing outlook improving. Looking ahead, no economic data today.

24th October

Australian Dollar (AUD) support at 1.0300 was broken we fell down to 1.0250 in the US session with the bears in control. The RBA is expected to cut rates but this will be greatly impacted by the inflation numbers that we see for the Q3 today. The other main risk event is the Chinese PMI which may give an indication of the pace of the Chinese economy. Looking ahead, Q3 Australian CPI forecast at 1.1% vs. 0.5% previously Q/Q and 1.6% vs. 1.1% previously Y/Y.

23th October

Australian Dollar (AUD) the major found support at 1.0300 before bouncing with the Euro. The outlook is negative for the Aussie Fundamentally but the FX market works a lot with correlations and if global stock markets rally then the AUD/USD should be dragged higher.

22th October

Australian Dollar (AUD) AUD/USD reversed from 1.0400 as stocks and commodities crashed on Friday. The resurgence of the Aussie last week caught traders off guard with the recent RBA rate cuts not yet leading to substantial AUD weakness. Looking ahead, Japanese Trade Balance forecast at -0.75T vs. -0.47T previously.


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