AUD

Australian data - Q4 2022 Retail sales -0.2% q/q (expected -0.6%)

Australia data - monthly headline inflation (from MI) +0.9% m/m, core also +0.9% m/m

AUDUSD falls to 2- week low and below 50% of 2023 range but rebounds

• Moves up to swing recent swing lows from Jan 24 and Jan 31

RBA meet on February 7 - preview - 25bp rate hike cemented in, then another in Match

Australian housing finance data for December 2022, lower across the board

Australian Prime Minister media conference coming up at the bottom of the hour

RBA meet February 7 - preview. Poll finds 30 of 31 analysts expect a 25bp rate hike.

Australian January Services PMI (final) 48.6

AUDUSD buyers took their shot. They missed. The price corrects lower.

• The price rotates back down to test support on the hourly chart

CBA forecast one more 25bp RBA rate hike, terminal rate of 3.35% (there's a 'but' though)

Australian data - December building approvals +18.5% m/m (expected +1.0%, prior -9.0%)

AUDUSD extends back above the 100 hour MA

• 100 hour moving average comes in at 0.7077

RBA's Kohler says the Bank believes inflation peaked in Q4 of 2022

Coming up imminently - RBA officials speaking

Australian January (final) Manufacturing PMI 50.0 (prior 50.2)