No Result
View All Result
Wednesday, March 22, 2023
  • Login
FXVNPRo
ADVERTISEMENT
  • Home
    • Advertising Promotion
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
  • Home
    • Advertising Promotion
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
FXVNPRo
No Result
View All Result
Home Forex/CFDs/Cryptos News

RBA to hike after worrying signs for the economy

fxvnpro by fxvnpro
February 3, 2023
in Forex/CFDs/Cryptos News
0
AUDUSD
0
SHARES
2
VIEWS

(Jing Ren – Orbex)

It had seemed that the RBA was almost done with the rate hikes, as several indicators for the economy were looking shaky. Rising unemployment was cited often. Another factor is that a large number of home loans are due for renewal in a few months, which could put increased pressure on Australian homeowners. If higher interest rates persist, or they go up higher, it could substantially increase the mortgage cost for Australians.

Then Q4 CPI figures dropped, showing a surprise increase in prices. This changed the calculus for the central bank and shifted expectations to be in favor of a rate hike at the next meeting. The RBA didn’t have any policy decisions in January, as usual, which means it’s a bit behind compared to all the other major central banks which hiked last week.

What are the expectations?

The latest survey shows that the overwhelming majority of economists are forecasting a 25bps hike when the RBA meets on Tuesday (or late Monday, depending on where you are in the world). The same economists also expect another quarter-point hike at the meeting, and that the RBA will signal that in the monetary policy statement.

Interestingly, Australian economists aren’t as certain as international ones. A survey of just Australian economists agreed that a 25bps hike is the most likely outcome of the next meeting. But there is considerable disagreement on whether the RBA will signal that another rate hike is coming. The option is that Lowe takes a page out of other central banks’ playbooks, and emphasizes that the next rate decision will be “data dependent”.

Australian schedules are different

That runs the risk of being interpreted as dovish, however. That’s because Australia publishes inflation on a quarterly basis, so new inflation data won’t become available between the next two meetings. What will become available are further data points that could point to a weakening economy, such as job numbers and retail sales. If the RBA goes “data dependent”, then the scheduling will imply a trove of data pointing to another rate hike not being advisable.

It should also be noted that before the interest rate decision is the release of Australia’s trade balance, which is expected to report a significant fall in the trade surplus. Of course, this coincides with the period ahead of the lunar new year, in which Chinese firms slow down buying ahead of idling production for a full week. Australia and China have been jointly communicating improved relations, including the potential resumption of coal exports.

Evolution of the AUD/USD

The covid situation in China has naturally affected Australia, and the weakening of Aussie from lower exports is seen as having contributed to higher inflation. If Chinese demand ramps up in the coming months, the currency could continue to appreciate. That might help the RBA control inflation, and make further rate hikes not as necessary. That might explain some of the discrepancies between Australian and international economists.

Read APPL, AMZN, GOOG disappoint, will US jobs data cheer up? [Video]

Post Views: 98

Related posts:

FXStreetUS Inflation Preview: Finally signs of peak inflation? Three scenarios for Core CPI and the dollar FXStreetOutlook: USDCAD and Oil Prices, USDCNH FXStreetBitcoin is for billions: Fedimint on scaling BTC in the global south CMC MarketsCrypto’s full swing recovery MarketNewsThe sun is out and stocks sizzle – Europe waits for natural gas FXStreetForex Technical Analysis: GBPUSD, EURUSD and ECB, USDJYP MarketNewsWhat does the race to raise rates mean for precious metal prices? [Video] FXStreetForecast: Oil – Gold
Tags: Forex/CFDs/Cryptos News
exness
Previous Post

Forex Outlook: GBP/USD, EUR/USD

Next Post

APPL, AMZN, GOOG disappoint, will US jobs data cheer up? [Video]

fxvnpro

fxvnpro

Next Post
MarketNews

APPL, AMZN, GOOG disappoint, will US jobs data cheer up? [Video]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

XM
  • Trending
  • Comments
  • Latest
Technical Analysis

Technical Analysis – Price Action Trading (Part 1)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 3)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 2)

May 29, 2022
XTrade

Xmas Season Bonus (26.12.21) | XTrade

April 27, 2022
MiTRADE

Forex Brokers Types: ECN VS Market Makers VS No Dealing Desk

102
Tiomarkets

MT4 vs MT5: What trading platform to choose?

95
CMC Markets

What Is Bitcoin?

55
FPMarkets

What is Forex Trading? (Part 1)

37
N1CM

35% First Deposit Bonus | N1CM

March 21, 2023
Windsor Brokers

30 USD Free Account | Windsor Brokers

March 21, 2023
FirewoodFX

Up to $5,000 Trading Reward Bonus | FirewoodFX

March 21, 2023
Superforex

Gold Rush | SuperForex

March 21, 2023

Recent News

N1CM

35% First Deposit Bonus | N1CM

March 21, 2023
Windsor Brokers

30 USD Free Account | Windsor Brokers

March 21, 2023
FirewoodFX

Up to $5,000 Trading Reward Bonus | FirewoodFX

March 21, 2023
Superforex

Gold Rush | SuperForex

March 21, 2023

Advertisement

fbs



300_250_en stocks

Connect to FXVNPRo

facebook twitter telegram

Now online

FXVNPRo

FXVNPRo Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@fxvnpro.com

fxvnpro@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Markets such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. FXVNPRo is not responsible for any information on the website.

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

Recent Posts

  • 35% First Deposit Bonus | N1CM
  • 30 USD Free Account | Windsor Brokers
  • Up to $5,000 Trading Reward Bonus | FirewoodFX
  • Gold Rush | SuperForex
  • CryptoMania – Cryptocurrency Contest | SuperForex
  • Champion MT4 Demo Contest (10.04.23) | OctaFX
  • $30 Welcome Bonus | JustMarkets
  • EURUSD outlook and technical analysis
  • 25% Trading Bonus | Yadix
  • iPhone 14 Pro Giveaway! | Yadix
  • First Deposit Bonus Up To 50% | easyMarkets
  • Turnover Rebates | ForexChief
  • Welcome Package | iFOREX
  • 40% Deposit Bonus | IKOFX
  • The Ugly Battle for Credit Suisse: Inside the UBS Takeover

© 2013 - 2022 FXVNPRo - Forex Expert Advisors | Forex Promotions | Forex News.

No Result
View All Result
  • Home
    • Advertising Promotion
    • Brokers Listing
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Expert Advisors
    • Expert Advisors Price
  • Forex Promotions
    • Best Promotions
    • Forex Demo Contest
    • Forex No Deposit Bonus
    • Forex Cashback Rebate
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2013 - 2022 FXVNPRo - Forex Expert Advisors | Forex Promotions | Forex News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/fxvnpro.com/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111