MrRein
Short

Downside risk on AUD as focus turns to USD and the FOMC

FX:AUDUSD   Australian Dollar / U.S. Dollar
53 views
0
This week's focus turns to U. S.A. with the upcoming USD CPI and FOMC Monetary Policy event risks. Expectation is towards the continuation of the Fed's USD 10-bln tapering and no change on the interest rate.

In terms of the AUD, The Australian Monetary Policy Meeting Minutes is expected to reiterate their recent stance on monetary policy . This can be thought of as a lack of a reason for AUD to continue higher unless the USD event risk proves to be bearish on the USD side.

Note: The initial target may be extended as the situation develops.

Disclaimer: This is my personal analysis and opinion. It must not be taken as a trading advice.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out