Australian Economy

We talked about AUDUSD's corrective structure a few weeks ago. We provided an alternative scenario that had projected the end of the minor correction wave C. However, momentum weighed on prices more than anticipated and allowed wave C to…
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So far this year, the AUD has been on the backfoot, retreating compared to most other currencies. There are several reasons, as usual. Some of them are completely unexpected (coronavirus) while others were projected ahead of the last RBA…
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Despite the concerns about the potential economic impact from the wildfires and the spread of the coronavirus, the Australian Dollar has been moving higher this month. The data coming out next could give that trend a further nudge, and…
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The next bit of economic data coming out of Australia could have a significant impact on the AUD. The RBA is closely watching the labor market, as it sees the creeping increase in unemployment as a challenge to maintaining the inflation…
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Coming up later tonight, or early tomorrow depending on where you are, we have the first major bit of economic data out of Australia for the year. A better than expected trade balance might be what the market needs to reverse the…
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Overnight, we have the last major economic data from New Zealand and Australia for the year. After that, we can expect their pairs to slip into vacation mode for the next couple of weeks. It seems that the two countries whose currencies…
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With the positive tone around US-China trade negotiations lately, we should check in on our Oceanic friends who trade with the Asian Giant. While we don't expect a major shift in trade until an agreement is actually signed, an…
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Coming up in the early hours of tomorrow, we have some key data that routinely moves the Asian commodity currencies. There is likely some pent-up fundamental energy in the market since we haven't had much in the way of major data…
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Tomorrow, the RBA gets together to decide whether to cut the cash rate or not. We've had a host of data since the last meeting, including important quarterly inflation data, that the bank will have to process. Then there is the latest…
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Early tomorrow, or late tonight depending on where you live, we get the most important data of the week for the AUD. Inflation data not only moves the currency on its own, but could be instrumental in determining whether the RBA cuts the…
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