AUD/USD aims an establishment above 0.6900 on upbeat Caixin Services PMI data
03.08.2022, 02:36

AUD/USD aims an establishment above 0.6900 on upbeat Caixin Services PMI data

  • AUD/USD is eyeing a stabilization above 0.6900 on stellar Caixin Services PMI data.
  • Aussie bulls failed to capitalize on hawkish commentary by the RBA.
  • The RBA elevated its OCR by 50 bps to 1.85%.

The AUD/USD pair has surpassed the immediate hurdle of 0.6900 swiftly and is likely to establish above the same as IHS Markit has reported stellar Caixin Services PMI numbers. The pair have witnessed a responsive buying action after printing a low of 0.6886 in the Asian session.

The Caixin Services PMI data has landed at 55.5, significantly higher than the expectations of 48 and the prior release of 54.5. It is worth noting that Australia is a leading trading partner to China and upbeat China economic data supports the aussie bulls.

On Tuesday, the asset witnessed a steep fall after the escalation of US-China tensions triggered negative market sentiment. The intention of visiting Taiwan by US House Speak Nancy Pelosi was followed by death threats from China. No doubt, the event is likely to result in sanctions on China.

Also, the antipodean failed to capitalize on the hawkish stance considered by the Reserve Bank of Australia (RBA) in its monetary policy meeting. RBA Governor Philip Lowe featured a third consecutive rate hike by 50 basis points (bps).  An interest rate hike by 50 bps pushed the Official Cash Rate (OCR) to 1.85%.

The RBA has preferred not to take the bullet and elevate the interest rates to contain soaring price pressures in the Australian economy. Earlier, the Australian inflation rate landed at 6.1% for the second quarter of CY2022, much higher than the prior release of 5.1%.

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik