Clifford Bennett
Independent Analyst
NAB Business Confidence Index
Collapsing.
Inflation
Rose to 3.5% in Q4 as the RBA declared nothing to worry about. Yet again?
Consolidating in this new higher range, inflation is only likely to continue to push higher as true supply chain disruption and the excuse of it lead to further price hikes.
With one of the world's lowest performing central bank's (OECD special report) and highest paid central bank Governor's (three times the US Federal Reserve Chair), there is no telling just how bad the situation can get. Inflation accumulates long term damage in any economy in which it takes hold. Consumer retrenchment and working families struggling to make ends meet is always the inevitable outcome.
With the Reverse Bank of Australia at the beach and enjoying their ridiculous by world standards salaries, we can only hope a new government would do what the Morrison government should have done a long time ago. Sack them and get some intelligent monetary policy happening in this country.
AUS200
Rolling over as forecast this morning from that high point.
Target remains 6800.
AUD/USD
The attempted bounce back looks to have been rejected already.
Target remains 65 cents this year.
Wishing everyone the best of the Spirit of Australia.
We all have much to be grateful for.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
EUR/USD holds below 1.0750 ahead of key US data
EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments
USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.