The Australian Dollar enjoyed an upbeat retail sales report and some calm in markets. What’s next? Here is their view, courtesy of eFXdata: MUFG Research discusses AUD outlook and highlights 3 key reasons for possible support for the currency in the medium-term. “We continue to see limited downside for AUD from here with a large portion of downside risks priced and some tentative signs of stability in global markets will help reinforce that support going forward. Firstly, we do not expect the recent sharp pace of renminbi depreciation to be sustained, which in turn will help reduce emerging market volatility. Secondly, we do not expect a significant escalation in the trade conflict and while the Trump administration will continue to threaten further tariffs, we do not expect a tradeconflict fuelled global growth slowdown. Finally, the data in July in Australia provides optimism that domestic demand conditions will improve,” MUFG argues. For lots more FX trades from major banks, sign up to eFXplus By signing up for 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 Daily Look share Read Next USD/JPY Technical Analysis: Bull breakout confirmed, but Bollinger band is capping gains FX Street 5 years The Australian Dollar enjoyed an upbeat retail sales report and some calm in markets. What's next? Here is their view, courtesy of eFXdata: MUFG Research discusses AUD outlook and highlights 3 key reasons for possible support for the currency in the medium-term. "We continue to see limited downside for AUD from here with a large portion of downside risks priced and some tentative signs of stability in global markets will help reinforce that support going forward. Firstly, we do not expect the recent sharp pace of renminbi depreciation to be sustained, which in turn will help reduce emerging market… 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.
