AUD/USD: a big week for the Aussie – UOB

By FXStreet FXStreet (Guatemala) – Analysts at UOB noted that this week, the Australia docket contains several reports that will impact the RBA’s willingness to use the scope provided by low inflation to ease policy further.

Key Quotes:

“An update on business and consumer sentiment will be provided by the NAB and Westpac-MI surveys.”

“The October labour force report is released.”

“As far as that is concerned, consensus expects a 15k rebound in October following a surprising decline in September, with the unemployment rate steady at 6.2%. September home loan data will also be released in the week.”

“The move took out our stop at 0.7115 for the long position established at 0.7185. Trade is expected to be cautious ahead of the big 0.7000 level.”

“For now, we stick to neutral until a better opportunity arises. Range trading is expected between 0.7020 and 0.7115.”
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Source:: FX Street