With Aussie CPI coming up, where the headline CPI is expected at +0.5% (TDS forecast +0.6%) and underlying CPI expected at +0.5%, (TDS +0.55%) the analysts at TD Securities (TDS) argued that as the RBA is glued to the sidelines, even our firmer CPI take is unlikely to boost the AUD for long. Key Quotes: “Negative rate differentials and ongoing tension on global trade remain significant headwinds. Fading rallies remains prudent.” “The OIS strip is flat to 1.5% cash and no trading opportunities just now. With a patient and gradual RBA, as long as core inflation tracks 2%/y there is no little need for rates to respond. The Aug 15 wages report is the next policy hurdle for the rates market.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Barclays sees short opportunity for the USD/JPY, targeting 108.00 FX Street 5 years With Aussie CPI coming up, where the headline CPI is expected at +0.5% (TDS forecast +0.6%) and underlying CPI expected at +0.5%, (TDS +0.55%) the analysts at TD Securities (TDS) argued that as the RBA is glued to the sidelines, even our firmer CPI take is unlikely to boost the AUD for long. Key Quotes: "Negative rate differentials and ongoing tension on global trade remain significant headwinds. Fading rallies remains prudent." "The OIS strip is flat to 1.5% cash and no trading opportunities just now. With a patient and gradual RBA, as long as core inflation tracks 2%/y there… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
