$AUDCAD - Rate cut! Now What? Another shot of parity!
Technicals on the chart.
Fundamentals :
Cad is borderline neutral. I would personally lean dovish. Data for CAD is mixed. WTI crude is really driving the direction. With Crude putting in a decent correction I would lean towards Crude now settling near 54. Supporting this trade.
AUD - Rate cut happened 25 points! Now what?
AUD sentiment is more neutral / hawkish now.
Rates now are 2%. It was expected and somewhat priced in already.
Comments from RBA stated they are happy with econ and employment / inflation figures.
They see inflation being in line with long term goals.
As for a future cut I do not see it happening with there housing bubble.
RBA would not want to add more fuel to the fire.
Fundamentals :
Cad is borderline neutral. I would personally lean dovish. Data for CAD is mixed. WTI crude is really driving the direction. With Crude putting in a decent correction I would lean towards Crude now settling near 54. Supporting this trade.
AUD - Rate cut happened 25 points! Now what?
AUD sentiment is more neutral / hawkish now.
Rates now are 2%. It was expected and somewhat priced in already.
Comments from RBA stated they are happy with econ and employment / inflation figures.
They see inflation being in line with long term goals.
As for a future cut I do not see it happening with there housing bubble.
RBA would not want to add more fuel to the fire.
