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Key Points
- Weakening yen as Japan’s ruling LDP suffers a defeat in the general election.
- Betting markets currently place former President Trump’s chances of winning the upcoming election at 60%.
- According to The Hill and election site DDHQ, Trump has a 54% chance of victory.
- Continued “Trump Trade” effect strengthens the Dollar Index.
- CB Consumer Confidence Index shows the current conditions index at 138, with the expectations index at 89.1, both up from the previous month.
- Ceasefire discussions between Israel and Lebanon are ongoing.
- Australia’s September unemployment rate is 4.1%, with labor force participation at 67.2%. The likelihood of a rate cut by year-end has been adjusted down from 46% to 20%.
Key Economic Indicators Schedule
- October 30: Australia’s Q3 CPI, U.S. Q3 GDP, Germany’s October CPI
- October 31: Bank of Japan rate decision, Eurozone October CPI, U.S. September PCE price index
- November 1: U.S. October nonfarm payrolls, unemployment rate
AUD/USD Chart Analysis
Despite the lower likelihood of a rate cut by the Reserve Bank of Australia, the AUD/USD is trending downward due to the steep rise of the U.S. dollar. The support level at 0.66000, where a rebound was anticipated, has been broken, and further decline towards 0.64000 is expected. However, as this may not yet be a bottom, a rebound around 0.64000 remains possible.
We’ll adjust our strategy quickly if there are unexpected movements.
Key Points
- Weakening yen as Japan’s ruling LDP suffers a defeat in the general election.
- Betting markets currently place former President Trump’s chances of winning the upcoming election at 60%.
- According to The Hill and election site DDHQ, Trump has a 54% chance of victory.
- Continued “Trump Trade” effect strengthens the Dollar Index.
- CB Consumer Confidence Index shows the current conditions index at 138, with the expectations index at 89.1, both up from the previous month.
- Ceasefire discussions between Israel and Lebanon are ongoing.
- Australia’s September unemployment rate is 4.1%, with labor force participation at 67.2%. The likelihood of a rate cut by year-end has been adjusted down from 46% to 20%.
Key Economic Indicators Schedule
- October 30: Australia’s Q3 CPI, U.S. Q3 GDP, Germany’s October CPI
- October 31: Bank of Japan rate decision, Eurozone October CPI, U.S. September PCE price index
- November 1: U.S. October nonfarm payrolls, unemployment rate
AUD/USD Chart Analysis
Despite the lower likelihood of a rate cut by the Reserve Bank of Australia, the AUD/USD is trending downward due to the steep rise of the U.S. dollar. The support level at 0.66000, where a rebound was anticipated, has been broken, and further decline towards 0.64000 is expected. However, as this may not yet be a bottom, a rebound around 0.64000 remains possible.
We’ll adjust our strategy quickly if there are unexpected movements.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.