News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biases hold.Get your market update from @ddubrovskyFX here:https://t.co/lFpzIFNmzW https://t.co/2rHKbiByuR
  • Update on #Cryptocurrencies #BITCOIN -0.24% #BITCOINCASH -0.90% #ETHEREUM -0.40% #RIPPLE -0.07% #LITECOIN +0.51%
  • 🇦🇺 Balance of Trade (JAN) Actual: A$10.142B Expected: A$6.5B Previous: A$7.133B https://www.dailyfx.com/economic-calendar#2021-03-04
  • 🇦🇺 Retail Sales MoM Final (JAN) Actual: 0.5% Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • 🇦🇺 Balance of Trade (JAN) Actual: A$10.142B Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • The path for the Japanese Yen seems to favor the downside looking at a majors-based index. USD/JPY may rise within its Ascending Channel, but there is some scope for a healthy correction. Get your market update from @ddubrovskyFX here:https://t.co/7XFJiCYYEM https://t.co/sSMeHIti1B
  • Heads Up:🇦🇺 Balance of Trade (JAN) due at 00:30 GMT (15min) Expected: A$6.5B Previous: A$6.785B https://www.dailyfx.com/economic-calendar#2021-03-04
  • Heads Up:🇦🇺 Retail Sales MoM Final (JAN) due at 00:30 GMT (15min) Expected: 0.6% Previous: -4.1% https://www.dailyfx.com/economic-calendar#2021-03-04
  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD, $AUDNZD at Key Levels as Trade Data Looms Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/03/04/Australian-Dollar-Outlook-AUDUSD-AUDNZD-at-Key-Levels-as-Trade-Data-Looms.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/…
  • 🇯🇵 Foreign Bond Investment (27/FEB) Actual: ¥-1719B Previous: ¥-1888.7B https://www.dailyfx.com/economic-calendar#2021-03-03
Aussie Inflation Remains Neutral, But Is Risk Off On The Horizon?

Aussie Inflation Remains Neutral, But Is Risk Off On The Horizon?

Jason Shemtob,

THE TAKEAWAY: Aussie inflation remains stable > RBA action seems unlikely, but Cyprus may lead to more risk-off sentiment > AUD Outlook Neutral

Australia’s TD Securities Inflation numbers released on Wednesday came in mixed with month over month inflation growth for March slightly above February’s levels at 0.2%, but the year over year growth was 2.1%, below February’s level of 2.4%. These numbers point to a relatively stable level of inflation for the island continent. The Aussie jumped slightly against the dollar following the inflation data release, but then quickly retreated back to previous levels.

To learn more about how to find trends and trades with this popular indicator, register HERE for this free 20 minute course.

The Australian dollar has risen steadily over the last month thanks to greater risk on sentiment and anticipation of little central bank action. RBA head Stevens has been mum of late regarding the possibility of a rate reduction in case of a slowing economy. Currently, based on the credit Suisse Global Overnight Index Swaps Directory, the market appears to be placing a 8% chance of a 25 basis point rate cut during the next central bank meeting, scheduled for April 2nd. The Aussie may face some downward pressure moving forward, however, due to a renewal in risk of sentiment caused by the Cyprus banking crisis, which has lead to further Euro-zone break up fears.

AUD/USD (30 Day Chart)

Aussie_Inflation_remains_But_Is_Risk_Off_On_The_Horizon_body_Picture_1.png, Aussie Inflation Remains Neutral, But Is Risk Off On The Horizon?

Created by Jason Shemtob using Marketscope 2.0

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES