piptank

GBPAUD Bullish View fundamentals #RBA #China #forex

Long
FX:GBPAUD   British Pound / Australian Dollar
My mood is bullish for that Pair.
Basically due to fundamentals like cheap oil USOIL , iron ore, coal and metals like copper COPPER . Main consumer worldwide and in this region is China. China's economy is slowing down after years of +7% growth.
www.tradingeconomics...na/gdp-growth-annual
www.tradingeconomics.../business-confidence

One of China's big supplier is Australia. atlas.media.mit.edu/...rt/chn/aus/show/2013

Australia's currency devalues with cheap commodities.
Watch out for the main event for GBPAUD.
Interest Rate in Australia is reported by the Reserve Bank of Australia this week.
www.tradingeconomics...tralia/interest-rate

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