AUD

Australia: CPI 1.8% q/q (expected 1.8%) & Trimmed mean 1.5% q/q (expected 1.5%)

Australian CPI data due soon - if it jumps it brings a faster RBA rate hike into focus

Australian weekly consumer confidence inches (barely) higher

AUDUSD bounces higher. Looks to test topside trend line

• Trend line on daily chart cuts across at 0.6966

Australian inflation data for Q2 2022 is due Wednesday 27 July - preview

Weekend - Australian PM repeated his call for China to remove its trade sanctions

The theme of the day was poor PMIs and now the Australian dollar is suffering

• Australian dollar falls 60 pips from the highs

AUDUSD tests a cluster of resistance and backs off

• Lots of resistance on the daily chart between 0.6966 to 0.6993

Australia July flash Manufacturing PMI 55.7 (prior 56.2) & Services 50.4 (prior 52.6)

• Preliminary PMIs from Australia for July 2022

AUDUSD traders lean against a swing area. What does that mean? How can you benefit?

• Buyers lean on dips to 100 hour MA/swing area support

Australian Q2 Business confidence 5 (prior 15)

The AUDUSD story is a little different today

• Today no risk on flows as the pair looks to close lower on the day

+50bp rate hike expected from the RBA at its next meeting on August 2

Australia data - Westpac leading index (June) fell, but still indicates trend growth

Reserve Bank of Australia Governor Lowe speaking - live link