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  • RT @FxWestwater: Australian Dollar Forecast: $AUDUSD Uptrend in Focus as #RBA Holds Policy Steady Link: https://t.…
  • Overall quiet reaction from $AUDUSD to the #RBA rate decision Most notable update likely has to do with them letting the markets know that they could do more adjustments to bond purchases given rising yields But that may have already been priced in...
  • RBA: Bond purchases brought forward this week to assist market -BBG #RBA
  • RBA: Lending conditions remain sound, important to remain so. Committed to 3-year target, will continue buys as needed -BBG
  • RBA: Board will not raise rates until CPI at target range, global bond yield swings have made other assets volatile. Prepared to make further adjustments to bond buys -BBG #RBA
  • RBA: $AUD remains un upper end of range of recent years, economic recovery well underway and stronger than expected. Committed to maintain highly supportive monetary conditions -BBG #RBA
  • RBA: Wage and price pressures expected to remain subdued, does not expect conditions met to raise rates until 2024. Economy still has considerable spare capacity -BBG #RBA $AUDUSD
  • RBA leaves 3-year yield target unchanged at 0.1% -BBG
  • 🇦🇺 RBA Interest Rate Decision Actual: 0.1% Expected: 0.1% Previous: 0.1%
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Trading Video: NFPs Falls Short of Decisive Risk Catalyst

Trading Video: NFPs Falls Short of Decisive Risk Catalyst

John Kicklighter, Chief Strategist

Talking Points:

• The US December labor report presented a mixed picture with 6.5 year low jobless rate and wage rate drop

• While the Dusk of US stimulus may ultimately contribute to a risk reversal, it isn't offering a 'trigger'

• Ahead, we keep vigilance on risk with Yen crosses, and monetary policy interests highlight the Pound

See the DailyFX Analysts' forecasts for the Dollar, Euro, Pound and Gold through the 1Q on our DailyFX Trading Guides page.

The tension is palpable for the global financial markets, but a true capitulation to risk aversion continues elude us. A rise in activity levels, early trouble in riskier markets and a foundation of investment based on low volatility and desperate need for yield offer a backdrop of fragility. What's missing is the spark that makes a correction a matter of necessary repositioning as losses mount. Both the troubling start to the New Year and US NFPs presented an opportunity to 'trigger' the sentiment shift. However, volatilitiy has yet to explode despite sizable market swings and the labor data walked the line between top line improvement and dubious underlying languor. Ahead, it is critical to keep a wary eye on the progress in risk trends, but there is also event risk to keep monetary policy an activity theme as well. In the weekend Trading Video, we look at our key market drivers and the pairs best positioned for meaningful developments.

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