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13 Feb 2025

AUD/USD: Buildup in momentum is fading – UOB Group

Austalian Dollar (AUD) is expected to trade between 0.6250 and 0.6310. In the longer run, buildup in momentum is fading; a break below 0.6230 would mean that AUD is likely to trade in a range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Below 0.6230, AUD is likely to trade in a range

24-HOUR VIEW: "Yesterday, we noted 'a tentative buildup in momentum.' We indicated that 'there is a chance for AUD to rise above 0.6310, but it remains to be seen if it can maintain a foothold above this level.' During the NY session, AUD plummeted to 0.6235, soared to 0.6309, and then pulled back to close at 0.6278 (-0.27%). The choppy price action has resulted in a mixed outlook. Today, we expect AUD to trade between 0.6250 and 0.6310."

1-3 WEEKS VIEW: "Last Thursday (06 Feb, spot at 0.6280), we indicated that 'if AUD closes above 0.6310, it could trigger an advance to 0.6355.' AUD did not make any headway on the upside. Two days ago (11 Feb, spot at 0.6270), we highlighted that the recent 'buildup in momentum is fading, and if AUD breaks below 0.6230 (‘strong support’ level), it would mean that AUD is likely to trade in a range.' Yesterday, AUD fell to a low of 0.6235. As long as 0.6230 is not breached, there is still a slim chance for AUD to break clearly above 0.6310."

Feb 13, 2025

Silver Price Forecast: XAG/USD clings to gains above $32 as traders brace for Trump’s reciprocal tariffs

Silver price (XAG/USD) holds onto gains near Wednesday’s high around $32.30 in Thursday’s European session.
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Feb 13, 2025

RBA: Rate cuts are likely forthcoming – Standard Chartered

We maintain our view of a 25bps rate cut by the Reserve Bank of Australia at the 18 February meeting. A tight labour market presents downside risk to our view of 100bps of RBA rate cuts in 2025. Swaps are pricing c.22bps of RBA cuts in February, which should limit AUD weakness due to the cuts.
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