AUD

Australian July Manufacturing PMI drops to 52.5 (from June's 54.0)

Heads up for partial Australian market holiday today

Week Ahead: Highlights include US jobs, ISM; China Caixin PMIs; BoE, RBA, OPEC

AUDUSD tests 200 hour MA. Key level for buyers and sellers

• The AUDUSD has not traded below its 200 hour moving average since July 15

Australian data - June Private sector credit +0.9% m/m (vs. expected 0.8%)

Australia data - Q2 PPI +1.4% q/q (vs. expected 0.8%)

Reserve Bank of Australia expected to hike cash rate by 50bp next week, again in September

IMF downgrades its 2022, 2023 economic forecasts for Australia

Australian Treasurer Chalmers says inflation expected to peak in Q4 2022 at 7.75%

Australia Q2 export prices +10.1% q/q (expected +19.7%) & import prices +4.3% (exp 1.9%)

Australia retail sales for June +0.2% m/m (expected +0.5%)

ICYMI: Australia has cut its economic forecasts, citing high inflation, slow global growth

Australian retail sales and terms of trade data is due today, Thursday, 28 July 2022

AUDUSD trades up and down after CPI today

• Price trades between retracment levels

AUD/USD down a few tics after the Australian Q2 CPI results