Australian Dollar Holds Support Despite Record Bearish Bets

Australian dollar RBA hike odds hinge on Australia's Q3 CPI, as a hot print confirms a November move while record shorts meet support. Matt Simpson, StoneX Media Market Analyst, explains how Australian inflation data, Reserve Bank of Australia guidance and record speculative positioning are shaping the Australian dollar. Large speculators and asset managers hold a record net short in Australian dollar futures, raising short covering risk the longer support holds. Attention also turns to AUD/NZD as its uptrend stalls, and to NZD/CAD as the Reserve Bank of New Zealand and the Bank of Canada meet on the same day. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_matt_simpson&utm_content=share 00:00 - Aussie Dollar Defies Risk-Off 00:22 - Five Central Banks, One Week 00:41 - Australia CPI Decides RBA Hike 01:47 - Record AUD Shorts Meet a Wall 03:25 - AUD/NZD Rally Runs Out of Road 04:38 - RBNZ and BoC Clash on NZD/CAD Like and subscribe for more financial market insights. #AUDUSD #StoneX #MattSimpson #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social