- GDP growth of the United States in the United States slows to 2.3 %, and estimates of 2.6 % disappear.
- The Federal Reserve maintains 4.25 % -4.50 %, while maintaining a cautious position of inflation.
- AUD/USD stands smooth about 0.6235, and reduces RBA rate rates limits the upward trend.
The AUD/USD pair stands around 0.6235 on Thursday, struggling to obtain a preposition before issuing GDP data in the United States Q4. The Federal Reserve has chosen to maintain fixed interest rates, but it maintained a cautious tone, expressing his concerns about the progress of the suspended inflation. Meanwhile, it is widely expected that the Reserve Bank in Australia (RBA) will turn into a position that spends policy next month, which increases the weight of the Australian.
The gross domestic product in the United States makes expectations, and the Federal Reserve holds fixed prices
The latest American economic data showed that growth slowed in the last quarter of 2024. Initial figures revealed that gross domestic product has expanded at an annual rate of 2.3 %, decreased by 2.6 % of its consensus and a noticeable decrease of 3.1 % growth in the previous quarter. Personal consumption expenses (PCE) jumped to 2.3 %, reflecting the strongest stress pressures, while the basic PCE remained fixed at 2.2 %, less than 2.5 % expectations.
In addition, the unemployed demands in the United States decreased more than expected, as preliminary demands decreased to 207,000 from 223,000 in the previous week, strengthening the federal reserve caution over potential price cuts. The central bank left unchanged rates as expected but removed about the progress of inflation towards the target 2 %, indicating a more tender approach. The President of the Federal Reserve, Jerome Powell, later explained that this change was not aimed at sending a signal about the direction of politics, which slightly reduced the initial correct interpretation.
Investors closely monitor the upcoming economic data report, especially the US Personal Consumption Expenditure Report (PCE) on Friday, for more evidence about the FBI course. Meanwhile, feelings about the Australian remain weak as the RBA reducing stakes intensify, as analysts at Anz expect a reduction at the 25-Basis point in February.
Technical
AUD/USD is still connected in the range, indicating a limited upside down head momentum. The RSI is located in 47, and is still in negative lands, but it rises. Meanwhile, the MacD graph prints green tapes, hinting to a potential upward correction.
The main resistance stands at 0.6250. On the negative side, it works 0.6200 as a major support, with the bottom of the door open toward 0.6170. Until a clear outbreak occurs, the husband is likely to remain in the position of monotheism.
Aud/USD Daily Chart
