The Australian dollar remains pressured in 2015 but has managed to avoid the 0.80 level so far. With a local and Chinese slowdown, bears seem to be in control. However, the team at Nordea has a different opinion and explains why the fate of AUD/USD could be very positive in 2015: Here is their view, courtesy of eFXnews: Nordea Markets is out with its FX trade recommendation for 2015 where buying AUD/USD is on the top of its list. The follwoing is Nordea’s rationle behind this call. “¢ Rebalancing. Over the past 3 years imports have contracted with moderating consumption, while export contribution to GDP growth has increased. The current account has narrowed to just “3% now vs “7%/GDP in 2008. “¢ Labour market. Whie inflation has softened in line with global trends, capacity utilization has likely bottomed, credit has picked up, and most forward looking indicators suggest improvement in the labour market in 2015. “¢ Monetary policy. The Market is pricing in most interest rate cuts from RBA among G10 currencies (40bps within 1Y), which is not to materialize. “¢ China housing. China, Australia’s key export destination, is set to recover: in particular the housing market will be cyclically helped by the policy easing and government measures over the past few quarters. “¢ Base metals. The base metals, in particular iron ore, which dropped last year, will likely positively respond to recovery in China’s housing market, thus boosting Australia’s terms of trade. “¢ Positioning. The Market is extremely short commodity currencies, and AUD in particular. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam AUD/USD Daily OutlooksOpinions share Read Next NZDUSD Testing An Important Support, Break Near? Guest 8 years The Australian dollar remains pressured in 2015 but has managed to avoid the 0.80 level so far. With a local and Chinese slowdown, bears seem to be in control. However, the team at Nordea has a different opinion and explains why the fate of AUD/USD could be very positive in 2015: Here is their view, courtesy of eFXnews: Nordea Markets is out with its FX trade recommendation for 2015 where buying AUD/USD is on the top of its list. The follwoing is Nordea's rationle behind this call. "¢ Rebalancing. Over the past 3 years imports have contracted with moderating consumption,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.