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Is the move higher in AUD/USD set to continue?
Since bottoming on October 12th, 2022, at 0.6170, AUD/USD has been on a tear higher. In roughly three months, the pair retraced to the 61.8% Fibonacci level from the highs of 2022 to the lows of 2022, near 0.7027. But can AUD/USD continue to climb? It may depend on Wednesday’s release of Australia’s inflation data. Expectations are for Q4 CPI to increase to 7.5% YoY vs a Q3 reading of 7.3% YoY. This would be the highest level since 1990. In addition, Australia recently began printing a monthly CPI Indicator. Expectations for the new inflation reading are expected to be 7.6% in December vs a prior reading of 7.3%. ... (full story)
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From stats.govt.nz|Jan 24, 2023Key facts Inflation rate for the December 2022 quarter: • quarterly inflation rate was 1.4 percent • annual inflation rate was 7.2 percent. Quarterly change In the December 2022 ...
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From apnews.com|Jan 24, 2023Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, ...
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From @financialjuice|Jan 24, 2023tweet at 3:20pm: US TREASURY SECRETARY YELLEN: JAPAN AND THE EU REQUIRE NEW TRADE AGREEMENTS IN THE CONTEXT OF EV SUBSIDIES - WSJ
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From youtube.com/cmegroup|Jan 24, 2023GBP futures slide for a second session, hitting a one-week intraday low. Dan Deming examines what’s weighing on the pound.
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From bnnbloomberg.ca|Jan 24, 2023New Zealand inflation held near a three-decade high in the fourth quarter, maintaining pressure on the central bank to keep raising interest rates. Annual inflation was 7.2%, ...
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From andreassteno.substack.com|Jan 24, 2023In this article we will let the data do most of the talking - exactly like we prefer - and briefly boil down the most striking conclusions, which we can extrapolate. We find that ...
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- Posted: Jan 24, 2023 4:55pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 1,232
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