With ‘trade wars’ set to run quiet for a few weeks; a reasonable pop higher in iron ore; a better than expected employment update and AUD appearing to trade well on crosses e.g. EUR/AUD we would not be surprised to see a modest improvement in the A$ ‘tone’ next week, according to Robert Rennie, Head of FM Strategy at Westpac. Key Quotes “However, CPI will dominate price action in domestic markets, and thus likely leave us in well rehearsed ranges into Wednesday. Justin’s CPI preview clearly highlights the 6 quarter bias that economists have shown, consistently forecasting higher CPI outcomes. Whether 6 becomes 7 will be critical for next week’s price action.” “Beyond that though we stick to the view that a higher US$ on the back of strong Q2 data and rising trade war tension as we move into Aug/ Sep will likely see the A$ lower.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR futures: recovery looks tepid, scope for further pullbacks FX Street 5 years With 'trade wars' set to run quiet for a few weeks; a reasonable pop higher in iron ore; a better than expected employment update and AUD appearing to trade well on crosses e.g. EUR/AUD we would not be surprised to see a modest improvement in the A$ 'tone' next week, according to Robert Rennie, Head of FM Strategy at Westpac. Key Quotes "However, CPI will dominate price action in domestic markets, and thus likely leave us in well rehearsed ranges into Wednesday. Justin's CPI preview clearly highlights the 6 quarter bias that economists have shown, consistently forecasting higher CPI outcomes.… 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.
