All eyes might be on main central bankers within the subsequent buying and selling periods!

Try AUD/CAD’s 1-hour chart and see if right this moment’s catalyst can prolong the pair’s uptrend!

Earlier than shifting on, ICYMI, yesterday’s watchlist checked out USD/CHF’s vary help forward of this week’s closely-watched U.S. financial releases. You should definitely try if it’s nonetheless a legitimate play!

And now for the headlines that rocked the markets within the final buying and selling periods:

Recent Market Headlines & Financial Knowledge:

Tokyo inflation hits 4% y/y, pointing to stronger-than-expected uptrend

Japan’s November family spending falls 1.2% y/y, its first decline in six months

BRC: U.Okay.’s retail gross sales leap from 4.1% to six.5% y/y in December however nonetheless mark the ninth consecutive month of falling volumes

Asia shares dip on hawkish Fed remarks; recession threat weighs on commodities

Oil slips on considerations greater rates of interest to crimp demand

Greenback sluggish as Fed price hike fears ebb

France’s industrial manufacturing up by 2.2% m/m (vs. 0.8% anticipated) in November

BOC and BOJ Governors Macklem and Kuroda to take part in a panel dialogue at 10:10 am GMT
Fed Chairman Powell to take part in a panel dialogue at 2:00 pm GMT
Australia’s inflation experiences at 12:30 am GMT (Jan. 11)

Use our new Foreign money Warmth Map to rapidly see a visible overview of the foreign exchange market’s value motion! 🔥 🗺️

What to Watch: AUD/CAD

AUD/CAD 1-hour Foreign exchange Chart by TradingView

AUD has been shedding pips towards CAD because the begin of the week when considerations concerning the Fed elevating its rates of interest overshadowed headlines about China reopening its financial system.

Let’s see if the tides flip in favor of AUD right this moment as Financial institution of Canada (BOC) Governor Macklem and Fed Chairman Powell take part in a panel dialogue.

Take notice that Powell and his group have been hinting that their rates of interest can hit 5% and keep excessive within the foreseeable future. In the meantime, BOC has been hinting of pausing its rate of interest hikes.

If merchants select to give attention to China’s reopening and general threat urge for food, AUD/CAD might bounce from its mid-channel space and discover help from the 1-hour chart’s 100 SMA.

The pair might revisit its highs close to .9300 and even make new month-to-month highs.

Prolonged threat aversion, however, might imply additional AUD weak point.

Look out for a breakout beneath the mid-channel help zone that we’re watching, which might drag AUD/CAD to the .9150 earlier help zone.