ridethepig
Long

Australian Housing Market under pressure

FOREXCOM:GBPAUD   British Pound / Australian Dollar
=> Here this is a very complex and advanced environment for all trading the break above
=> Our base case scenario on Brexit is for a hard/no deal, although with that said there is still enough political momentum in the short short term to give further gains to Sterling.
=> UK Yields are rising with PMI and housing data remaining robust (won't be the case for very long)
=> On the Australian side we have a very vulnerable housing market on the brink of collapse, and continual rise in global funding costs.
=> We are simply trading a knee jerk to the upside here as AUD bulls capitulate
=> Good luck to all those trading in live or tracking closely
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