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Hello everyone, today XM Forex will bring you "[XM Forex]: The risk of callback cannot be ruled out". Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - During the European trading session on Monday (December 1), the intraday time-sharing chart of the Australian dollar/US dollar showed that it fluctuated in the range of 0.6543-0.6556, with the current price of 0.6553 approaching the upper edge of the range. After the Asian market surged in early trading and afternoon, the volume fell back, and the short-term bullish momentum weakened before the pressure level. After the Australian Bureau of Statistics (ABS) released strong inflation data last week, the Australian dollar/US dollar exchange rate continued its upward trend, reaching a maximum of 0.6556, a new high since November 13, and a significant rebound from the low of 0.6420 last month. Australia's third-quarter GDP data has become the focus of attention In Australia, the third-quarter GDP data released on Wednesday is a closely watched event. The data will show the contribution of www.xmasseuse.com exports to GDP. If any surprises occur, it may prompt the four major banks to adjust their GDP forecasts in advance - which often leads to greater market fluctuations. The annual GDP growth rate in the second quarter rose to the highest level in seven quarters, reaching 1.8%; this growth rate is expected to further increase to 0.7% in the third quarter, becoming the highest level since the fourth quarter of 2022. With inflation continuing to rise, labor market data strong and household spending holding steady, markets are more likely to see an upside surprise than a miss. The outcome is likely to boost expectations for a rate hike in the second half of 2026 and support the Australian dollar - especially in a month that typically sees seasonal gains. A large amount of data from the United States and the Federal Reserve's easing remarks support the Australian dollar. This week, a large amount of data from the United States has been released, including the ISM Manufacturing Purchasing Managers Index, S&P GlobalGlobal Purchasing Managers Index, PCE inflation data, and employment data provided by ADP and JOLTS. Traders are extremely sensitive to any statistics that might indicate weakness in the U.S. economy, which could serve as a basis for cutting interest rates. And with President Trump again targeting Jerome Powell, it's no surprise that several FOMC members suddenly turned dovish ahead of the pause in data releases - as if they were vying to be the one to replace Powell next year. There is still room for the Australian dollar to continue to rise against the U.S. dollar this week as relevant data from Australia remains solid and dollar shorts are more likely to prefer negative news to positive news amid a dovish stance by the global Fed. The probability of policy divergence between the Reserve Bank of Australia and the Federal Reserve has increased. Australia's latest inflation data has exceeded expectations, pushing the AUD/USD exchange rate higher. Australian Bureau of Statistics data showed that core inflation rose to 3.3% in October, higher than market expectations of 3.0%. This data exceeded the Reserve Bank of Australia's (RBA) inflation target of 2.0%, indicating that the central bank may maintain a more hawkish policy stance. Meanwhile, a separate survey of analysts showed house prices will rise about 7% despite some softening in the labor market. Therefore, some analysts predict that the Reserve Bank of Australia will not only keep interest rates unchanged at the last meeting of the year, but may also raise interest rates by 25 basis points to curb further rise in inflation. Whether it raises interest rates or keeps them unchanged, it means that the Reserve Bank of Australia will form a policy divergence from the Federal Reserve - the market is generally expected that the Federal Reserve will cut interest rates by 25 basis points at the December meeting. Previously, senior Fed officials such as Christopher Waller and John Williams expressed support for an interest rate cut given the fragility of the labor market, which increased the probability of the Fed cutting interest rates. Australia will release a number of important economic data this week to provide reference for the central bank's interest rate decisions. The Australian Industry Group (AIG) and S&P Global (S&P Global) will release the manufacturing purchasing managers' index (PMI) on Wednesday; on the same day, the Australian Bureau of Statistics will release third-quarter gross domestic product (GDP) data, further revealing whether the country's economy continues to grow; the latest trade data will also be released later this week.
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