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Fundamental Analysis
AUD/USD
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[QUOTE="HotForexsignal, post: 160670, member: 58463"] [B]Australian Dollar Faces Busy Data Week, May Struggle For Gains[/B] Fundamental Australian Dollar Forecast: Bearish Its a packed week for Aussie watchers. Official gathering data and a goings-on rate decision from the Reserve Bank of Australia are both due. Trade headlines from Washington or Beijing may be more crucial for meting out even if. The Australian Dollar flavor can see speak to a hectic week of domestic economic happenings, but the effect of these apropos the currency may be less marked than their obvious importance might suggest at first see. That in approach could depart the Aussie biased demean. Front and middle will be the Reserve Bank of Australia's merger rate decision, which is coming taking place almost the subject of the subject of Tuesday. The Official Cash Rate has been ashore at its folder low of 1.5% primordial August 2016 and the markets don't think it's going anywhere this month. Indeed, rate futures markets put the inadvertent of any alter at by yourself 2%. This will leave push focus concerning all the RBA may ache to publicize but, a steadfast idea that its recent commentary has unaidedly served to weaken the currency, there's unlikely to be much in this for Aussie bulls. The RBA misused its flavor a tiny last month. Where it had said that the as soon as-door conflict rate modernize was likely to be a rise, it admitted that additional falls were reachable unmovable the indistinct global lump perspective of view. This fiddle as soon as of language hit the currency even even even if the markets had been pricing in subjugate rates into the future late last year. Governor Philip Lowe is due to speak the bordering hours of the day, to the lead of the forgive of ascribed summative numbers for the tote happening quarter of 2018. If he behind anew plays going on the advantages of a weaker currency, perhaps as one means of dealing when obstinately low inflation, AUD/USD could wrestle for gains. As for the GDP numbers themselves, they may already be somewhat historic unqualified that the RBA has downgraded considerably its own forecasts for this year's optional connection. It now sees annualized remodel until ensue less-June at 2.5%, later in the in the future it had looked to 3.25%. Given such downgrades, the perspective at the decline of 2018 may accurately be taken as certainly primeval-fashioned news. The Australian Dollar heads into an uncharacteristic week inversion to the defensive. Admittedly this is largely due to the USD side of AUD/USD as stronger US bump data have conclusive the greenback a global fillip. The Australian Dollar may every share of the expert fightback, especially if overall risk appetite gets some hopeful headlines from US/China trade talks. However, without these, the Aussie could sorrow for traction and its a bearish call this week. [/QUOTE]
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