• Markets should know that it’s not the end of the story yet
• Anything can happen in December meeting

Interestingly enough, when asked if he does rule out a rate cut in Q2 next year, he replies „that would be a bit early“. It’s a confusing one as does it mean it is too early to rule out rate cuts or does he deem that Q2 is too early to think about rate cuts? I reckon he means the latter but comments like this can be lost in translation at times.

This article was written by Justin Low at www.forexlive.com.

It’s been a back and forth last few days for AUD/USD but it looks like perhaps buyers are finally about to win out the week. With the dollar tumbling alongside bond yields today, the aussie is managing to pick itself back up to trade above 0.6500 currently. And in this instance, it’s a second chance for redemption for buyers in trying to clinch a key technical break.

The second bite of the cherry if you will is the attempt to hold a firm break above 0.6500 and the 100-day moving average (red line).

That will solidify a stronger bullish momentum going into next week, as the better risk mood in stocks is also helping out with the upside push. The next key target to watch if this is held will be the 200-day moving average (blue line) at 0.6593 currently.

This article was written by Justin Low at www.forexlive.com.