Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising

AUD/USD Faces Downside Pressure as RBA Pauses Rates and Chinese Data Disappoints"

AUD/USD Faces Downside Pressure as RBA Pauses Rates and Chinese Data Disappoints"
Aa
Share
facebook
twitter
linkedin

Table of contents

  1. AUD/USD
    1. Potential Trigger:

AUD/USD

The RBA rate pause and softer Chinese services data sent the Aussie-dollar lower. Expectations for the Australian dollar to weaken further could grow if they see a much worse slowdown in the economy.  Rate hike odds for the RBA are just over a coin flip for the August 1st meeting, so if the outlook deteriorates further, that could pave the way for more AUD downside.

 

Potential Trigger:

Friday’s expiration of A$1.5 billion of options at a strike price of 0.6700 could lead to some big moves.

 

aud usd faces downside pressure as rba pauses rates and chinese data disappoints grafika numer 1aud usd faces downside pressure as rba pauses rates and chinese data disappoints grafika numer 1


Ed Moya

Ed Moya

With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies. Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including CNBC, Bloomberg TV, Yahoo! Finance Live, Fox Business and Sky TV. His views are trusted by the world’s most renowned global newswires including Reuters, Bloomberg and the Associated Press, and he is regularly quoted in leading publications such as MSN, MarketWatch, Forbes, Breitbart, The New York Times and The Wall Street Journal. Ed holds a BA in Economics from Rutgers University.


Advertising
Advertising