Aussie likely to suffer if the RBA gives any indication of an imminent rate cut – Commerzbank
Source Fxstreet
Australian inflation figures for the fourth quarter will be released on Wednesday, January 31 at 00:30 GMT. Economists at Commerzbank analyze Aussie’s outlook ahead of the data.
RBA is unlikely to give the all-clear just yet
If the economists surveyed by Bloomberg are correct, the quarterly increase should be lower than in the third quarter but about the same as in the second quarter, i.e. the level we saw six months ago before inflation picked up again. With a quarterly change of 0.8%, the RBA is unlikely to give the all-clear just yet.
Unless inflation falls much more than expected, the RBA is unlikely to give any indication of an imminent rate cut at next week's meeting. If it does, it is likely to be one of the more dovish central banks and the Aussie is likely to suffer as a result.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Gold Price Forecast: XAU/USD surges to all-time high above $4,650 amid Greenland tariff threatsGold price (XAU/USD) rises to a fresh record high near $4,675 during the early Asian session on Monday. The precious metal gains momentum after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland.
Gold price (XAU/USD) rises to a fresh record high near $4,675 during the early Asian session on Monday. The precious metal gains momentum after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland.
Gold nears $4,700 record as US–EU trade war fears ignite haven rushGold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.
Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.
Related Instrument
