Hello to all subscribers!
Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Concerns about an economic recession due to the poor U.S. employment data released last week seem to have been mostly priced into the market. Currently, the focus is on the U.S. August Consumer Price Index (CPI), and the market expects the CPI to rise by 2.6%, showing a significant slowdown compared to the previous month.
This week, the European Central Bank (ECB) will also announce its interest rate decision. Bloomberg reported that the ECB is likely to cut rates, citing the slowdown in wage growth and inflation in the Eurozone, with inflation falling to 2.2%.
Meanwhile, in Australia, the GDP growth rate for the 2023-2024 fiscal year was 1.5%, the lowest in 32 years. This is interpreted as an economic slowdown due to high interest rates, increasing pressure for a rate cut. However, the July Consumer Price Index, recently released, was 3.5%, falling short of the Reserve Bank of Australia's desired range of 2-3%. Therefore, the market expects the Australian central bank to delay rate cuts until December.
- September 11: UK July GDP, U.S. August Consumer Price Index will be announced.
- September 12: ECB interest rate decision, U.S. August Producer Price Index will be released.
- September 17: U.S. August retail sales data will be released.
The AUDUSD appears to have faced resistance at the recent high and is nearing the expected bounce point around the 0.66000 line. Based on the current price, there may be a slight further decline, but a rebound is expected, potentially rising to the 0.69000 level.
However, if the 0.66000 line is broken, there is a high likelihood of a drop to the 0.64000 level. If this happens, I will quickly revise and update the strategy.
Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Concerns about an economic recession due to the poor U.S. employment data released last week seem to have been mostly priced into the market. Currently, the focus is on the U.S. August Consumer Price Index (CPI), and the market expects the CPI to rise by 2.6%, showing a significant slowdown compared to the previous month.
This week, the European Central Bank (ECB) will also announce its interest rate decision. Bloomberg reported that the ECB is likely to cut rates, citing the slowdown in wage growth and inflation in the Eurozone, with inflation falling to 2.2%.
Meanwhile, in Australia, the GDP growth rate for the 2023-2024 fiscal year was 1.5%, the lowest in 32 years. This is interpreted as an economic slowdown due to high interest rates, increasing pressure for a rate cut. However, the July Consumer Price Index, recently released, was 3.5%, falling short of the Reserve Bank of Australia's desired range of 2-3%. Therefore, the market expects the Australian central bank to delay rate cuts until December.
- September 11: UK July GDP, U.S. August Consumer Price Index will be announced.
- September 12: ECB interest rate decision, U.S. August Producer Price Index will be released.
- September 17: U.S. August retail sales data will be released.
The AUDUSD appears to have faced resistance at the recent high and is nearing the expected bounce point around the 0.66000 line. Based on the current price, there may be a slight further decline, but a rebound is expected, potentially rising to the 0.69000 level.
However, if the 0.66000 line is broken, there is a high likelihood of a drop to the 0.64000 level. If this happens, I will quickly revise and update the strategy.
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.