• AU & US CPI are key headliners this week, so expect market volatility. • The Aussie/US peaked at 0.6870 before losing strength, looking at consolidating. • We could see major volatility during the CPI releases, potentially quiet until then! • Welcome back to our first edition of the Weekly Currency Outlook for 2024! •
• Few key events this week leading up to Xmas/NY; however nothing of material impact to price. • The Aussie/US had a stellar week last week, gaining 1.5cents now sitting at 67c. • Could expect to see the USD recover some of the losses, as volatility/liquidity thins. • AU Monetary Policy minutes are released this
Summary • Super heavy data for AU & US markets this week with FOMC, CPI/PPI & Employment headlining. • Aussie is currently under bearish pressure, sitting under 66c, after a strong bearish move last week. • Expecting the AUDUSD to range between 0.6500 and 0.6670 this week on technical analysis. • The Australian Labour Force,
• Heavy data this week for AU & US markets with RBA, GDP, NFP headlining this week. • Aussie is currently hovering under 67c after bullish momentum boosted the pair last week. • Expecting the AUDUSD to range between 0.6600 and 0.6710 this week on technical analysis. • This week we have a few major
• Headlining data for US & AU markets are the Core PCE index & AU CPI, respectively. • Aussie is currently hovering under 66c after bullish momentum boosted the pair last week. • Expecting the AUDUSD to range between 0.6530 and 0.6620 this week on technical analysis. • USD likely to remain subdued this week,
• Minutes & speech heavy this week for both AU & US markets & a bank holiday for the US on Fri. • Aussie is currently hovering around 65c flat after a large bullish breakout last week. • Expecting the AUDUSD to range between 0.6400 and 0.6590 this week on technical analysis. • Overall sentiment
• FED funds rate & NFP figures are the two key focuses this week for the US. No key AU data. • Aussie is currently sitting around mid 63c, showing signs of consolidation & a potential breakout. • Expecting the AUDUSD to range between 0.6270 and 0.6400 this week on technical analysis. • The US
• Speeches, AU CPI & PCE Price Index are the key focuses for this week for both AU & US. • Aussie is currently sitting around 63c, still showing signs of weakness. • Expecting the AUDUSD to range between 0.6280 and 0.6370 this week on technical analysis. • Expecting USD to consolidate this week. •
Summary • Retail Sales/FOMC Speech (US) & Employment/RBA Speech are the key focuses for this week. • Aussie lost strength last week, currently sitting around 63c, but still looking weak. • Expecting the AUDUSD to range between 0.6240 and 0.6400 this week on technical analysis. • USD will likely stay on top this week as
• CPI & FOMC minutes are the key focus this week for the US. • Aussie is still hovering around the 64c level, still in a consolidation phase. • Expecting the AUDUSD to range between 0.6300 and 0.6460 this week on technical analysis. • Global news of a war between Israel & forces in Palestine