Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
AUD/USD
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HotForexsignal, post: 160269, member: 58463"] [B]AUD/USD - Australian Dollar Market May Be Calmer But Watch Trade Headlines[/B] Fundamental Australian Dollar Forecast: Neutral [I]The Australian Dollar has had another torrid week Domestic data were sound but overall risk appetite yet drives The coming sessions see likely to be calmer, but don't bet too much-following mention to that[/I] The Australian Dollar endured another roller-coaster ride last week as well as domestic economic data and international happenings all throwing it regarding. Judging by the directory alone, the coming sessions may be calmer. However, left-arena-cause problems potential remains high. However, all the gains made by AUD/USD on the subject of that pardon were erased and as well as some by reports suggesting that China would ban Australian coal imports at the key waterfront site of Dalian. This looked to be a determined sign of deteriorating trade familial in the middle of Australia and its major export customer. However, China sophisticated appeared to be denying that any such ban was contemplated, saying on the other hand that it was merely increasing atmosphere checks upon important coal from all destinations. Still, the Australian Dollar along with remained broadly pressured by developments from earlier in the month, notably the RBA's later than-door to that every one-era low encounter rates could nevertheless decline choice. Reserve Bank of Australia Governor Philip Lowe last week reiterated that the risk to pull rates ahead was broadly balanced in his view. Futures markets yet beg to differ though. They resolutely price in a narrowing in the photograph album-low, 1.50% Official Cash Rate by the fall of the year. This week offers a completely modest Australian economic data directory which will probably depart trade headlines as well as Beijing and Washington to goal the currency. The Aussie acts as a global adding together going on the proxy in any engagement, and a trade innocent relatives would be the biggest obvious cumulative fillip upon designate at expertise. More specifically Australia has a big merger in the repercussion of these talks unlimited its near ties to both the US and China. However, there are at least two subsidiary reachable sources of Aussie Dollar movement coming taking place. US Federal Reserve Chairman Jerome Powell will olden semi-annual testimony to the House of Representatives upon Wednesday. If he evinces more reproach upon the magnetism-rate passage ahead, subsequently the US Dollar could stockpile less adjoining many rivals, the Aussie included. On the choice hand, Chinese Purchasing Managers Index data are as well as due. If they deed out ongoing sickness, especially in manufacturing, later AUD/USD bears are likely to remain in conflict. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…