Today I bring you the weekly analysis update of the AUDUSD Market
Wednesday’s CPI data for April will show whether the fastest rise in inflation in more than 40 years has peaked. The annual rate of inflation came in at 8.5% in March after gasoline costs hit record highs.
Economists are forecasting an annual rate of 8.1%, but a stronger than expected reading could potentially underline the case for even more aggressive monetary policy tightening from the Fed. Investors are fearful that aggressive tightening by the Fed could tip the economy into a recession. There will also be a number of speeches by Fed policymakers in the coming week
China is set to release data on trade and inflation on Monday which will show the impact of Covid-19 lockdowns on the world’s second largest economy.
The Australian Dollar has depreciated by 5.3% and is now seen trading within the .7030 - .7210 range.
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and i will answer them
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Wednesday’s CPI data for April will show whether the fastest rise in inflation in more than 40 years has peaked. The annual rate of inflation came in at 8.5% in March after gasoline costs hit record highs.
Economists are forecasting an annual rate of 8.1%, but a stronger than expected reading could potentially underline the case for even more aggressive monetary policy tightening from the Fed. Investors are fearful that aggressive tightening by the Fed could tip the economy into a recession. There will also be a number of speeches by Fed policymakers in the coming week
China is set to release data on trade and inflation on Monday which will show the impact of Covid-19 lockdowns on the world’s second largest economy.
The Australian Dollar has depreciated by 5.3% and is now seen trading within the .7030 - .7210 range.
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and i will answer them
And please don't forget to support this idea with your like and comment
