AUD

Reserve Bank of Australia meeting on Tuesday, December 10, 2024 - Statement/Bullock focus

• The RBA is expected to leave its cash rate on hold at 4.35%

Newsquawk Week Ahead: Highlights include: US and China inflation, ECB, RBA, BoC, SNB

• Next week focus lies on the US CPI and PPI reports while China inflation will also be key. There are plenty of Central Bank rate decisions due also, including the ECB, RBA, BoC, SNB and BCB. Elsewhere, UK GDP and Australian Employment numbers will be key.

The antipodeans remain the laggard in European morning trade

• Not a whole lot going on as markets are gearing towards the US jobs report later in the day

Sellers in the AUDUSD are pushing the price below old floor. Can the sellers keep pushing?

• THe 0.6433 to 0.64419 was a floor in the month of November

Reuters Poll: Reserve Bank of Australia to keep cash rate unchanged at 4.35%

• 44 of 44 economist see no change

ANZ: Long AUD/NZD as a medium-term trade for 2025

• why ANZ recommends going long on AUD/NZD in 2025, citing diverging monetary policies, growth prospects, and NZ's waning advantage. Target range set at 1.10+.

Technicals in the AUDUSD & NZDUSD are showing similar patterns. What does that look like?

• Swing areas are resistance in both the AUDUSD and the NZDUSD. Can the prices in each remain below those swing areas today and instead prove lower?

Australia Balance of trade for October 5.953B vs 4.550B estimate

• Australia Balance of Trade for October 2024

AUD/USD falls back to the lows for the day as the aussie stays heavy

• The aussie currency has been weighed down by a softer Q3 GDP report earlier today

The AUDUSD is running to the downside, but is now testing a key floor. What next?

• In addition to a technical look at the AUDUSD, I also take a technical look at the NZDUSD

Australia's treasurer Chalmers: Today's National accounts show positive but weak GDP

Australia GDP Q3 0.3% versus 0.4% estimate

• Australia 3Q GDP

Australia's S&P/ASX 200 lower in early trading

• Down -0.32% at 8468.10

Australia AIG manufacturing index for November -17.9 versus -19.7 last month

• AIG manufacturing and construction indices for November

AUDUSD Technical Analysis - The rangebound price action continues

• The AUDUSD pair remain stuck in a 100-pips range as the market awaits key catalysts to push into either direction. What’s next?