$GBPAUD Benefits from QE Spill over and Weak Aussie Trade
Technicals:
Looking for dips to get long in this pair.
Attempt of a break down occurred last week but was bought up fiercely
Fundamentals :
The pound is poised strengthen as the 1 trillion Euro QE project starts.
The reports are stating positive spillover effect on the UK
economy due to Eurozone financial flows will look for a safe haven from
euro weakness.
Commonwealth Bank of Australia :
Weakening Aussie trade caused by declining commodity prices and a stronger US dollar should push AUD/USD down to 0.7300.
Australia Data continues to be weak :
National Australia Bank business confidence: 0 (vs. prior 3)
ANZ Roy Morgan weekly Consumer Sentiment: 110.3 (vs. prior 112.5)
Looking for dips to get long in this pair.
Attempt of a break down occurred last week but was bought up fiercely
Fundamentals :
The pound is poised strengthen as the 1 trillion Euro QE project starts.
The reports are stating positive spillover effect on the UK
economy due to Eurozone financial flows will look for a safe haven from
euro weakness.
Commonwealth Bank of Australia :
Weakening Aussie trade caused by declining commodity prices and a stronger US dollar should push AUD/USD down to 0.7300.
Australia Data continues to be weak :
National Australia Bank business confidence: 0 (vs. prior 3)
ANZ Roy Morgan weekly Consumer Sentiment: 110.3 (vs. prior 112.5)