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AUD’s price action rode the waves of risk sentiment last week. Can this week’s top-tier releases inspire one-directional price moves?

Here are catalysts that can affect the comdoll’s prices:

China’s data dump (Dec 16, 2:00 am GMT)

  • China’s fixed asset investment is expected to maintain its 5.2% uptick in November
  • Industrial production could accelerate from 4.7% to 5.0% in November
  • Retail sales is seen printing a 7.6% growth after rising by 7.2% from a year ago in October

RBA’s meeting minutes (Dec 17, 12:30 am GMT)

  • Earlier this month the Reserve Bank of Australia (RBA) kept its policies steady and hinted that members would be cool with waiting a few more months before making policy changes
  • At the time, RBA’s lack of urgency to ease boosted AUD higher against its counterparts
  • Look to the meeting minutes for clues that RBA might cut its rates some time in early 2020

Labor market numbers (Dec 19, 12:30 am GMT)

  • Unemployment ticked higher from 5.2% to 5.3% in October
  • A net of 19,000 jobs were lost, lower than the 12,500 jobs created in September and the 16,200 net increase that markets had expected
  • Participation rate edged lower from 66.1% to 66.0%
  • AUD fell across the board at the surprisingly weak labor market numbers
  • Analysts expect the unemployment rate to maintain its 5.3% reading
  • A net of 15,000 jobs creation is expected in November
  • Participation rate could hold its 66.0% reading

Technical snapshot

  • Stochastic flags AUD as “overbought” against USD

  • Williams %R says AUD is “oversold” against NZD and GBP

  • AUD/CAD and AUD/USD are both trading above their 50 daily SMAs but lower than their 200 SMAs
  • EUR/AUD is trading below its 50 SMA but higher than its 200 SMA
  • Watch out for retracement or reversals on these pairs!

Missed last week’s price action? Read AUD’s price recap for December 9 – 13!