The Australian dollar had a wobble following the announcement about a change in the seasonal adjustments to the employment data and after the RBA decision. What’s next for the Aussie? Credit Agricole says that a correction risk is intact. Here is their view, courtesy of eFXnews: Stable RBA monetary policy expectations should leave the AUD driven by external factors such as global risk sentiment and Fed monetary policy expectations. This is especially true as the central bank appears to be somewhat less cautious when it comes to the currency’s high valuation. Although the central bank still regards the AUD as being high by historical standards it refrained from calling it overvalued according to most fundamental estimates. Looking ahead, we anticipated further upside correction risk. First of all we see scope of Fed speakers sounding more cautious this week. This is mainly due to a high USD’s dampening impact on inflation expectations, which have been falling during the past few weeks. Accordingly we advise against selling AUD/USD around the current levels. For lots more FX trades from Credit Agricole and other 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 Forex News Today: Daily Trading News share Read Next Australian employment tumbles – AUD/USD remains strong Yohay Elam 7 years The Australian dollar had a wobble following the announcement about a change in the seasonal adjustments to the employment data and after the RBA decision. What's next for the Aussie? Credit Agricole says that a correction risk is intact. Here is their view, courtesy of eFXnews: Stable RBA monetary policy expectations should leave the AUD driven by external factors such as global risk sentiment and Fed monetary policy expectations. This is especially true as the central bank appears to be somewhat less cautious when it comes to the currency's high valuation. Although the central bank still regards the AUD as… Top 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.
