AUD

Australian monthly CPI cools a little - AUD/USD little changed

Australian private sector credit growth for October +0.6% m/m (expected +0.6%)

Australian October building permits -6.0% m/m (expected -1.8%)

Australian Q3 construction work completed +2.2% q/q (expected +1.5%)

Australian monthly CPI inflation (October 2022) 6.9% y/y (expected 7.4%)

RBA is expected to hike its cash rate by 25 bps in December, February, and March to 3.60%

Australian monthly CPI report is due today - preview

AUDUSD tests key 100 day and 200 hour moving average

• Two moving averages at the same level

AUDUSD and NZDUSD retrace back below MA support

• Can the sellers maintain control after the failed break above resistance targets?

AUD and NZD are moving higher as China reopening chatter spreads

ANZ-Roy Morgan Australian consumer sentiment index +1.8% w/w

Australian data - October retail sales fall 0.2% m/m (vs. expected +0.5%)

RBA Gov. Lowe says demand is too strong relative to supply

AUDUSD rotates down to swing area support and ahead of a cluster of MAs

• Swing area between 0.67168 and 0.67294.

Australia preliminary PMI November: Manufacturing 51.5 (prior 52.7) & Services 47.2 (49.3)