The employment data coming from Australia was a bit of a non event but we expect the FOMC minutes and the recent dovish action from the RBA to keep pressure on this currency pair. Join me for the candle stick webinar on Sunday evening FREE webinar.getresponse.com
We have had fairly poor data coming from the RBA recently such as a very low CPI reading and of course the recent rate cut to 1.75%. This alone is enogh to bring the AUD back down to the fair price of 7000 set out by the RBA some 18 months ago. Looking forward to next week we have the RBA monetary policy report which we expect to be dovish as it was from a rate...
Fundamentals: - The Australian economy has continued to show strength certainly more so than its counter country New Zealand. Although the commodity prices figure has shown growth in the past year we are still in negative growth. The Caixin Manufacturing PMI in China came out better than expected but the high wage growth shown in the NFP on Friday should dampen...
