RBA Deputy Governor Andrew Hauser’s warning that Australia’s inflation outlook has “materially worsened” pushed November hike odds from ~27% to the 40–45% range. AUD/USD has broken above 0.7012 resistance and now faces a critical test at 0.7024–0.7035, with October 28’s Q3 CPI report set to decide whether the repricing becomes a durable Aussie rally.
The post AUD/USD Tests Bullish Reversal as Hauser Revives RBA November Hike Risk appeared first on ActionForex.
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Key Highlights GBP/USD started a steady increase above the 1.3250 resistance. It cleared a contracting triangle with resistance at 1.3275 on the 4-hour chart. USD/JPY is still consolidating below the 159.00 resistance. The UK CPI Read more…
Australia’s worsening inflation outlook is creating increasingly difficult choices for the RBA. Deputy Governor Andrew Hauser warned that oil prices were approximately one-third higher than assumed in the bank’s August forecasts, while evidence that businesses Read more…