Robert Rennie, Research Analyst at Westpac, points out that last week they stuck to a near term positive bias on AUD on the basis of an expected a lull in trade tensions; a reasonable pop higher in iron ore; a better than expected employment update and that AUD was trading well on crosses e.g. EUR/AUD. Key Quotes “We tend to see that story continuing near term, though the run of seven weaker than expected CPI outcomes certainly adds to the case for rates being on hold for a very, very long time.” “However, with the Fed set to raise a total of 4 times by mid next year according to Westpac economics; no change from the RBA and iron ore export volumes set to rise into 2019, the case for a weaker AUD at least on forecast remains clear.” 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 Ripple Technical Analysis: XRP/USD is trading within a worrying ascending channel, after its heavy decent from earlier in month, another drop looks probable FX Street 5 years Robert Rennie, Research Analyst at Westpac, points out that last week they stuck to a near term positive bias on AUD on the basis of an expected a lull in trade tensions; a reasonable pop higher in iron ore; a better than expected employment update and that AUD was trading well on crosses e.g. EUR/AUD. Key Quotes "We tend to see that story continuing near term, though the run of seven weaker than expected CPI outcomes certainly adds to the case for rates being on hold for a very, very long time." "However, with the Fed set to raise… 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.
