US politics

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AUD/USD weekly outlook: The Aussie to take its cue from sentiment

I suspect we’ve entered a phase where politically-driven sentiment carries more weight than domestic data for AUD/USD. And with the VIX rising alongside political uncertainty, volatility could favour bears over the coming months as we head towards the US elections.

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US politics, PCE inflation, PMIs, BOC: The Week Ahead

Whether it is Biden stepping aside or Trump grabbing headlines with policy hints, it is difficult to see US politics taking a back seat next week. Fed watchers have the US PCE inflation report to look forward to, and global central bank watchers have flash PMIs. The BOC are expected to cut rates, but will they signal more next week?

European Open: Debt Ceiling to Be Temporarily Lifted to Avoid Default

The US senate passed legislation to temporarily increase the government’s debt limit until December, after they voted 50-48 in favour of kicking the can down the road.

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