AUD

AUD/USD options expiring at the 10am NY cut today, 21 June 2022

RBA June meeting minutes says further rate hikes will be needed

• Reserve Bank of Australia June 2022 minutes

RBA Gov. Lowe says will discuss 25bp or 50bp interest rate hike at July meeting (July 5)

RBA Gov Lowe - says interest rates are very low

• Reserve Bank of Australia Governor Lowe speech to the American Chamber of Commerce in Sydney.

Australia data - weekly consumer confidence +1.6% after the -7.6% prior week

• Reserve Bank of Australia Governor Lowe is up soon with his speech: "Inflation and Monetary Policy".

AUDUSD rotates back toward the 100 hour moving average

• Finding some stall near that moving average level

Euro and Australian dollar softness are the early themes

• A look at the early market moves

AUDUSD falls to swing area support ahead of May/June extremes

• Swing area support between 0.6891 and 0.69168

AUD/USD unlikely to regain 0.74 in Q3 2022

• Westpac update their projection for the Australian dollar

More on China’s plan for iron ore price control (plans a buying cartel)

AUDUSD tests the 50% and 200 hour MA. Stalls on the first look

• 200 hour MA and 50% midpoint converged at 0.7066

Australian employment report for May. Unemployment rate 3.9% (expected 3.8%)

Australia inflation expectations (Melbourne Institute’s June survey) 6.7% (prior 5.0%)

China will set up a centralised iron ore buyer to counter the dominance of Australia

The AUDUSD has reached its 100 hour MA

• A positive for that pair