Created
: 2023.09.19
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
AUD should stand to benefit when China stabilisation comes into play - OCBC
World FX news
Breaking news
AUD should stand to benefit when China stabilisation comes into play - OCBC
New
2023.09.19 22:54
2023.09.19 22:54
2023.09.19 22:54
AUD drifted higher following tentative signs of improvement in China data. Economists at OCBC Bank discuss Aussie’s outlook.
Room for gains
Looking out, we still favour AUD to trade higher on of expectations that China growth could stabilise at some point, possibly warmer ties between Australia and China, and a more moderate-to-soft USD profile (as the Fed nears end tightening cycle and embarks on rate cut cycle in 2024).
We have shared that the tourism, education, and property sectors in Australia could benefit if relations between China and Australia further warm up, and this can be a positive for AUD.
Key downside risk factors that may affect AUD outlook are 1/ extent of CNH swings; 2/ if USD strength or Fed tightening cycle unexpectedly extends; 3/ global growth outlook – if DM’s slowdown deteriorates; 4/ any market risk-off event.
Last updated
: 2023.09.19
Related articles
EUR/GBP ends the week knocking on the ceiling near 0.87
2023.09.23 07:00S&P 500 wraps up the week in red after tanking to June lows amid Fed's hawkish stance
2023.09.23 06:42USD/CAD recovers from Friday's lows to inch closer towards 1.35
2023.09.23 05:46USD/CHF Price Analysis: Soars, extends its rally to 10 days, as bull's eye 0.9100
2023.09.23 04:44GBP/USD continuing to slide, testing waters below 1.2250
2023.09.23 04:39GBP/JPY trying for a break below 181.50 heading into the Friday close
2023.09.23 03:50
Writer
FXStreet
Financial media
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD defends the 100-day SMA ,further downside on the horizon
The GBP/USD lost ground but managed to clear losses after finding support at a daily low of 1.2615, near the 100-day Simple Moving Average (SMA) and t
2023.08.24 05:45USD/CHF Price Analysis: Within a narrow range, hovers around the 0.8750s area
USD/CHF has been trading within a narrow range of 0.8765 to 0.8830 for the past eight days, following a break of the 0.8600 figure. At the time of wri
2023.08.24 06:23Gold Price Forecast: XAU/USD closed above the 200-day SMA rising to a two-week high
In Tuesday's session, the XAU/USD Gold spot price found demand as the leading world economies showed weak economic activity figures, which fueled a de
2023.08.24 06:39AUD/USD bulls approach 0.6500 amid downbeat yields, risk-on mood, focus on US Durable Goods Orders
AUD/USD buyers take a breather while making rounds to 0.6480, after rising the most in three weeks the previous day. In doing so, the Aussie pair port
2023.08.24 07:16USD/CAD slumps as CAD gains traction; US economic slowdown in focus
The Canadian Dollar (CAD) recovered some ground against the American Dollar (USD), as seen by the USD/CAD pair, finishing Wednesday's session with los
2023.08.24 07:34Japan Exchange Group CEO Yamaji flags economic side effects of "too weak Yen"
Hiromi Yamaji, Chief Executive Officer of Japan Exchange Group Inc. criticized the weaker Yen while citing the receding benefits of the softer currenc
2023.08.24 07:39NZD/USD consolidates its recent gains above 0.5970 ahead of Jackson Hole Symposium
The NZD/USD pair consolidates its recent gain below the 0.6000 mark during the early Asian session on Thursday. The weakening of the US dollar is driv
2023.08.24 07:45EUR/USD rebounds from 10-week low beneath 1.0900 on Fed, ECB policy pivot concerns, US data, yields eyed
EUR/USD makes rounds to 1.0860-65 during the early hours of Thursday's Asian session as bulls take a breather after posting a stellar rebound from the
2023.08.24 07:52USD/JPY Price Analysis: Stumbles below 145.00 amid falling US bond yields as the pair turns bearish
USD/JPY retraced its earlier weekly gains, as the pair printed losses of 0.72% on Wednesday, courtesy of falling US bond yields, as US economic data w
2023.08.24 07:59GBP/USD Price Analysis: Multiple hurdles, US data prod Cable buyers above 1.2700
GBP/USD stays defensive around 1.2715-20 during the early hours of Thursday's Asian session, fading the previous day's rebound from the lowest level i
2023.08.24 08:19Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
