AUD

AUDUSD dips below the 200 hour MA. Seller continue to take back control from the buyers.

• Higher rates. Lower stocks. Risk off

Australian December services PMI 47.3 (prior 47.6) & Composite 47.5 (prior 48.0)

• And the indicators to inflation in the report are not encouraging.

AUDJPY has its biggest up day since June 2016

• Was up as much as 3.06% on the day

AUD/USD up over 2% as dollar fumbles after yesterday's hot start

• The aussie is making the most of the dollar's struggle today

Chinese authorities are said to be considering a partial end to the Australian coal ban

AUDUSD retests 200 hour MA/old swing area on rebound

• The 38.2% of the days range also retested

AUD/JPY on track to revisit key support level to start the new year

• It is a rare day where stocks are higher but AUD/JPY is sharply lower instead

Asia FX (and other) markets swings continue - yen, CAD, AUD, gold all over the shop

Australia December manufacturing PMI from Judo Bank / Markit is 50.2 (prior 51.3)

Australia December manufacturing PMI from AiG is an ugly 44.7 (prior 49.6)

Video: Four ways to trade 2023 in the forex market

• I spoke with BNNBloomberg about trades and opportunities for 2023

Australian data - November private sector credit +0.5% m/m (prior +0.6%)

AUDUSD tests key 100 day MA at 0.66584

• Key technical bias defining level

Australia's spending slowdown has begun says ANZ analysts

Analysts in Australia say that Australia's spending slowdown has begun (big time)