AUD

Australian manufacturing PMI for October falls into contraction, 49.6

Dovish RBA sends AUD/NZD below the 200 DMA for first time since 2022 - MUFG

• A look at AUD/NZD

AUDUSD tumbles back toward its 200 hour moving average and finds support buyers

• First test of the 200 hour moving average stalls the fall

AUD/USD has dropped back after the as expected RBA +25bp rate hike

RBA raises its cash interest rate by +25bp, as expected

Australian weekly consumer confidence survey falls again, down 1.5%

Australia data - October Manufacturing PMI 52.7 (preliminary 52.8, prior 53.5)

Australia - credit & debit card spending data to Oct 28 shows spending remains elevated

Société Générale tip a +50bp rate hike from the Reserve Bank of Australia today

AUD traders heads up: its a partial holiday in Australia today (unofficial full holiday)

• Its Reserve Bank of Australia day too!

AUDUSD tests the 200 hour MA and finds willing buyers

• 200 hour MA at 0.63676. 100 hour MA above is resistance at 0.64356

AUD traders note - the RBA meet Tuesday, 1 November 2022, a +25bp rate hike is expected

Australian Private Sector Credit for September +0.7% m/m (expected 0.8%, prior 0.8%)

Australian private monthly inflation survey: 0.4% m/m (prior 0.5%) & 5.2% y/y (prior 5.0%)

Week Ahead: US FOMC, jobs data and ISM; China PMI, Eurozone HICP

• The Fed is expected to lift rates 75bps, and traders will be looking for clues that it will ease up on the level of rate hikes ahead. The monthly jobs data and ISM survey data will also be eyed. In Asia, China PMI data will give us a pulse on growth conditions, while in Europe, the key Eurozone inflation data is due for release. Meanwhile, The BoE, RBA and Norges Bank all announce rate decisions.