AUD/USD fails to hold above 0.7200 level again, focus on geopolitics and Q4 Aussie wage figures next week By Frank_Macro AUDUSD RBA Fed
RBA monetary tightening in H2 this year alive. At current levels in the 0.7170s, AUD/USD is trading a touch lower on the day, though still looks on course to gain about 0.7% on the week, which would mark the pair’s third successive week. Resilience in copper andhas been largely negative, as far as the commodity-sensitive Aussie is concerned, by slightly lower oil and iron ore prices on the week.
Geopolitical tensions between Russia, Ukraine and NATO remain elevated as Russia continues to amass troops on Ukraine’s border and violence in Eastern Ukraine between government and separatist forces escalates, underpinning theon the final trading day of the week. That is likely the main reason why AUD/USD hasn’t been able to hold above the 0.7200 handle on Friday, or mount an attempt at testing last week’s high at 0.7250.
AUD’s resilience to the escalating geopolitical situation in Eastern Europe will be put to the test once more next week with a key face-to-face meeting between US Secretary of State Anthony Blinken and Russian Foreign Minister Sergey Lavrov in focus. Any signs the two sides come to some sort of agreement to de-escalate things could help propel the pair back above monthly highs and back towards 2022 highs in the 0.7300 area.
Otherwise, the highlight of next week’s economic calendar will be Australian Q4 Wage Price Index data out on Wednesday. An upside surprise could be the final piece in the puzzle for theto formally signal rate hikes in 2022, as money markets continue to bet they will get started hiking sometime around the middle of the year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
AUD/USD Forecast: Higher gold prices underpin the aussie in a risk-averse environmentThe AUD/USD pair is little changed on a daily basis, hovering around the 0.7200 level. The pair started the day on the back foot, falling to 0.7148 f
Lire la suite »
AUD/USD sticks to gains near weekly high, just above 0.7200 amid positive risk toneThe AUD/USD pair retreated a few pips from the weekly high touched earlier this Friday and was last seen trading just above the 0.7200 mark, still up
Lire la suite »
AUD/USD Price Analysis: Renews weekly top above 0.7200, inverse H&S in the offingAUD/USD Price Analysis: Renews weekly top above 0.7200, inverse H&S in the offing By anilpanchal7 AUDUSD Technical Analysis ChartPatterns SupportResistance TrendFollowing
Lire la suite »
Silver Price Analysis: XAG/USD fails to hold above $24.00, remains supported amid elevated geopolitical angstThough they had a decent go at it, its looks as though spot silver (XAG/USD) prices are not going to be able to end the week above resistance in the f
Lire la suite »
NZD/USD drops below 0.6700 as Russia-Ukraine headlines worsen the market moodThe NZD/USD appears to finish the week on a higher note, as the kiwi climbs 0.72%, ahead of the Reserve Bank of New Zealand (RBNZ) monetary policy mee
Lire la suite »
US Dollar Outlook: Will AUD/USD and NZD/USD Rise as Retail Traders Sell?The US Dollar is receiving some love from retail traders, boosting short exposure in AUD/USD and NZD/USD. Could this spell further strength for these pairs? Get your market update from ddubrovskyFX here:
Lire la suite »