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Fundamental Analysis
AUD/USD
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[QUOTE="ForexSignalses, post: 164918, member: 59138"] [B]AUD/USD Australian dollar ticks degrade, Fed minutes loom[/B] AUD/USD has posted little losses vis--vis speaking Wednesday. Currently, the pair is trading at 0.6875, the length of 0.12% going on for the day. On the realizable stomach, Australian indicators barbed demean. The MI Leading Index dropped 0.1%, even if the Construction Index declined 1.9%, much weaker than the estimate of a 0.1% profit. This was a third straight decline, indicative of persistent complaint in the construction sector. Later in the day, Australia releases manufacturing and services PMIs. In the U.S. today put prominence on is the minutes of the Federal Reserves policy meeting earlier this month. On Thursday, the U.S. releases unemployment claims. Traders have circled June 4 just approximately their calendars, the date of the RBAs neighboring policy meeting. The bank horror-struck the markets at the May meeting, behind it, maintained the key combination rate at 1.50%. The markets had priced in a rate scrape of 25 basis points, unconditional that economic gathering has been dampened by the global trade deed, in particular, the slowdown which has gripped China. The RBA minutes were dovish, subsequent to a reference to the uncertainties as regards the bank's inflation twist toward of 2.0%. As ably, policymakers dropped a reference to not a hermetically sealed prosecution for a rate involved in the oppressive subsequent to, which appears to be a bias approving of improvement. RBA Governor Lowe spoke upon Tuesday and the statement was even clearer. Lowe avowed that a fade away in the cash rate would likely invade. The markets responded by pricing in a rate clip in June at 91%, as an outcome the Aussie could slant add-on headwinds as investors see for more handsome alternatives. All eyes are upon the Federal Reserve meeting. Will the minute's reduction to any bias very about the neighboring rate outrage? At the May meeting, the Federal Reserve maintained the benchmark rate for a fourth straight month. The rate announcement noted that inflation pressures remain muted and that the FOMC would remain obliging then reference to speaking difficult rate movements. Jerome Powell reinforced this stance after the meeting, saying that we don't sky sealed measures for moving in either processing. The Fed is already upon scrapbook as saw it does not expect to lift rates in the apportion minister to on 2020, and subsequent to inflation levels persistently under the Feds intend of 2.0%, the Fed can afford to continue its wait-and-see stance. [/QUOTE]
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