AUD/USD: adios 0.76 and hello below?

By FXStreet AUD/USD is tucked in below the 0.76 handle after a decent that left the Aussie under scrutiny at the start of this week. Time to get of the recovery train?

The week ahead has little on the cards (Key events in U.S. Q4 GDP and Japan CPI – Nomura) and gives us some time to reflect on the FOMC surprise outcome, as explained at the start of this week by analysts at ANZ. However, they key events are US: Durable goods (Thursday 12:30 gmt), Q4 GDP (third estimate) (Friday 12:30 gmt). We might have to wait for next month for further impetus from China manufacturing and US nonfarm payrolls while the Aussie looks range bound in a consolidation phase.

Meanwhile, for the day ahead, we look to Fed speakers, hearing from Richmond Fed president Lacker (hawk) on inflation and Atlanta Fed’s Lockhart (centrist) on the US economy. Then, we turn heads to Australia in the Asian shift, with the house price index Q4.

Australia’s housing market is potentially headed for a bubble

It is no secret that Australian households have accrued more debt compared to the size of the country’s economy than any other in the world.

The International Monetary Fund …read more

Source:: FX Street