US

• The Fed left rates of interest unchanged as anticipated on the final assembly.
• The macroeconomic projections had been revised larger,
  and the Dot Plot confirmed that the FOMC nonetheless expects one other charge hike by the
  finish of the 12 months with much less charge cuts projected in 2024.
• Fed Chair Powell reaffirmed their information dependency however added that
  they may proceed fastidiously.
• The US CPI final week beat expectations on the
  headline figures, however the core measures got here consistent with forecasts and the
  market’s pricing barely modified.
• The labour market stays pretty strong as seen as soon as once more yesterday
  with the beat inJobless Claims, though persevering with claims missed for a second
  time in a row.
• The US PMIs
  just lately confirmed that the US economic system stays fairly resilient.
• The University of Michigan Consumer Sentiment report final Friday missed throughout the
  board with the inflation expectations figures spiking again up.
• The US Retail Sales this week beat expectations by a massive
  margin with optimistic revisions to the prior figures.
• The Fed members proceed to quote elevated lengthy-time period
  yields as a motive to proceed fastidiously and can probably pause in November as
  nicely.
• Fed Chair Powell yesterday highlighted the rise in long run yields
  as nicely and the necessity to “proceed carefully”.
• The market doesn’t anticipate the Fed to hike anymore.

Australia

• The
  RBA stored rates of interest unchanged as anticipated as they’re seeing inflation
  returning to focus on with the present stage of rates of interest.
• The
  newest month-to-month CPI confirmed that core inflation is
  slowing.
• The
  labour market continues to weaken as seen this
  week with the miss the employment change and the losses in full-time
  employment.
• The
  Australian Manufacturing PMI fell additional into contraction whereas
  the Services PMI jumped again into enlargement.
• The
  RBA Minutes had been surprisingly hawkish and it
  appears to be like just like the central financial institution may squeeze in one other charge hike if the
  underlying inflation doesn’t sluggish quicker within the subsequent couple of months.
• The
  market expects the RBA to carry charges regular on the subsequent assembly as nicely.

AUDUSD Technical Analysis –
Daily Timeframe

On the day by day chart, we will see that the AUDUSD pair
continues to fall however in a rangebound method because the bearish momentum stays
weak. The worth just lately bounced on the earlier low however received rejected from the resistance round
the trendline.

AUDUSD Technical Analysis –
four hour Timeframe

On the four hour chart, we will see that the latest
worth motion shaped a descending triangle with the
trendline and the help at 0.6285 defining the sample. The greatest technique
can be to attend for a breakout on both aspect of the sample and go along with the
circulate. From a threat administration perspective although, the sellers ought to lean on the
trendline with a outlined threat above it to place for a break under the
help. The consumers, alternatively, ought to lean on the help to place
for a rally into the trendline concentrating on a breakout.

AUDUSD Technical Analysis –
1 hour Timeframe

On the 1 hour chart, we will see extra
carefully the value motion throughout the triangle that’s usually messy and fairly
erratic. In reality, as beforehand talked about, the one ranges to look at ought to be
the trendline and the help.