AUD/USD bulls attack 0.7000 despite mixed catalysts ahead of US PCE inflation – by anilpanchal7 AUDUSD RiskAppetite Recession Inflation Fed
Market sentiment improved recently after China avoided mentioning its Gross Domestic Product target after the Politburo meeting. Also favoring the risk appetite and the AUD/USD prices are the recently receding odds favoring the Fed’s aggression.
Talking about the data, Australia’s second quarter Producer Price Index rose 1.4% on QoQ and 5.6% YoY versus the market forecasts of 0.8% and 3.8% in that order. Further, Australia’s Private Sector Credit improved to 0.9% MoM in June versus the 0.8% previous reading. It should be noted that the International Monetary Fund revised Australia’s GDP forecasts and tried to tame the AUD/USD rebound but failed amid the recent cautious optimism.
Elsewhere, US policymakers, including Fed’s Powell and Treasury Secretary Janet Yellen, tried to shrug off the “technical recession” after the US Q2 GDP dropped for the second consecutive time and teased the concept. The same probes the central bankers pushing for more rate hikes to tame inflation. Furthermore, talks between US President Joe Biden and his Chinese Counterpart Xi Jinping also went mostly okay and exerted downside pressure on the greenback’s safe-haven demand.
Against this backdrop, S&P 500 Futures rise half a percent to seesaws near the highest levels since early June while the US 10-year Treasury yields seesaw around 2.67%, the lowest levels since early April. Moving on, the initial readings of German and Eurozone GDP for the second quarter of 2022 will be important ahead of the Fed’s preferred inflation gauge, namely the Core PersonalUnless declining back below the 50-DMA support around 0.6970, AUD/USD prices are likely to approach the mid-June swing high surrounding 0.7070.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
AMD accidentally reveals its first Ryzen 7000 desktop processors | EngadgetAMD has inadvertently revealed model numbers for the first Ryzen 7000 CPUs..
Consulte Mais informação »
Over 7,000 households without power in Duchesne, Uintah counties after fireA fire outside of the Ft. Duchesne substation left over 5,000 households without power in Duchesne and Uintah counties Wednesday night.
Consulte Mais informação »
EUR/USD unable to hold above 1.0200, tumbles to 1.0160s despite mediocre US dataEUR/USD unable to hold above 1.0200, tumbles to 1.0160s despite mediocre US data – by christianborjon EURUSD UnitedStates Recession Germany Inflation
Consulte Mais informação »
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPYThe US Dollar is holding near support after yesterday’s 75bp rate hike from the FOMC. This morning brought a GDP print to the tune of -0.9% for Q2, after a -1.6% in Q1. Tomorrow brings PCE data and Consumer Sentiment.
Consulte Mais informação »
EUR/USD sees more gains above 1.0150 amid subdued DXY, Fed policy in focusThe EUR/USD pair is advancing strongly in the Asian session as the US dollar index (DXY) is displaying a subdued performance ahead of the interest rat
Consulte Mais informação »
When is Australia Retail Sales and how could it affect AUD/USD?Early Thursday, the market sees preliminary readings of Australia's seasonally adjusted Retail Sales for June month at 01:30 GMT. Market consensus sug
Consulte Mais informação »