Sean Callow, analyst at Westpac, points out that last week they have noted the potential support for the Aussie from a steady RBA hand against a backdrop of a spec market already quite short. Key Quotes “GDP was right on the median forecast but there was still some short-covering after talk early in the week of a negative q/q change.” “These factors plus unexpected conciliatory headlines on Hong Kong and US-China trade talks helped AUD top the G10 over the week, up 1.3% vs USD to probe the 0.6820 area that proved difficult in early August. It remains short of the 0.6865 level prevailing before the 1 Aug Trump tweet announcing new tariffs on China.” “We have to wait until 19 Sep for the next key data – Aug labour force. This leaves AUD taking its cues in the week ahead from the global mood, though again we note that mid-Sep is when there should be the most market focus on outsized resource company dividend payments to AU share holders.” “Risks for the next trade-related tweet seem tilted to the bearish side so we opt for neutral AUD on the week, but back to 0.67 or lower over 1 month.” 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 price analysis: XRP/USD returns in the old range amid technical sell-off FX Street 4 years Sean Callow, analyst at Westpac, points out that last week they have noted the potential support for the Aussie from a steady RBA hand against a backdrop of a spec market already quite short. Key Quotes "GDP was right on the median forecast but there was still some short-covering after talk early in the week of a negative q/q change." "These factors plus unexpected conciliatory headlines on Hong Kong and US-China trade talks helped AUD top the G10 over the week, up 1.3% vs USD to probe the 0.6820 area that proved difficult in early August. It remains short of… 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.
