Technicals on the chart
Fundamentals :
After the rate cut and statements from RBA we can now assume in my opinion that AUD is now a neutral/hawkish currency.
RBA mentioned last night, they are happy with there strong econ and strong employment figures. They also mentioned they see hitting there inflation target in the long term.
I do not foresee another rate as there housing bubble is on the mind. They will not want to add fuel to the fire.
Eur for me is still much more fundamentally weaker.
1) Greece debt issue
2) QE
Fundamentals :
After the rate cut and statements from RBA we can now assume in my opinion that AUD is now a neutral/hawkish currency.
RBA mentioned last night, they are happy with there strong econ and strong employment figures. They also mentioned they see hitting there inflation target in the long term.
I do not foresee another rate as there housing bubble is on the mind. They will not want to add fuel to the fire.
Eur for me is still much more fundamentally weaker.
1) Greece debt issue
2) QE
