The Australian dollar enjoyed the RBA’s upbeat message of late, as well as good economic data. However, also the Fed was hawkish. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the minutes from the June RBA monetary policy meeting released this week revealed an upbeat central bank that did not read much into the slowdown in real GDP growth in Q1. “The upbeat outlook of the RBA does suggest that if that evidence does materialize the communication of the RBA may change toward the potential signal of removing some of the current monetary stimuli. The current level of AUD/USD certainly suggests FX market participants are expecting that to materialize over the coming months. The 2-yeaar swap spread continues to indicate AUD/USD as stretched at current levels,” BTMU argues. 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 Opinions share Read Next GBP/USD erasing the election announcement gain – 3 reasons Yohay Elam 6 years The Australian dollar enjoyed the RBA's upbeat message of late, as well as good economic data. However, also the Fed was hawkish. What's next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the minutes from the June RBA monetary policy meeting released this week revealed an upbeat central bank that did not read much into the slowdown in real GDP growth in Q1. "The upbeat outlook of the RBA does suggest that if that evidence does materialize the communication of the RBA may change toward the potential signal of removing some of the current monetary… 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.