The Australian Dollar is still on the back foot and it may stay this way for some time. Here is their view, courtesy of eFXdata: Nordea Research discusses AUD medium outlook and thinks that it is still too early to buy into AUD again and maintains a bearish bias into year-end. “We have been tactically short the AUD for a large part of 2018, as several of the factors that have caused the aforementioned Asian export of disinflation can also be considered AUD negative factors. A Chinese slowdown with consequently weaker CNY and lower industrial metal prices are factors that speak in favour of weaker AUD. Hence, the disinflationary impulses from; Asia tend to weaken AUD against the USD as they unfold. We don’t expect the AUD to reverse its trend; unless/before the disinflationary winds start to fade. We still judge that it is a story for 2019 and expect a weak November/December for the AUD,” Nordea argues. For lots more FX trades from major banks, sign up to eFXplus By signing up for 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 AUD/USD Daily Outlooks share Read Next Traders: Major Chinese banks seen swapping Yuan for dollars in forwards FX Street 4 years The Australian Dollar is still on the back foot and it may stay this way for some time. Here is their view, courtesy of eFXdata: Nordea Research discusses AUD medium outlook and thinks that it is still too early to buy into AUD again and maintains a bearish bias into year-end. "We have been tactically short the AUD for a large part of 2018, as several of the factors that have caused the aforementioned Asian export of disinflation can also be considered AUD negative factors. A Chinese slowdown with consequently weaker CNY and lower industrial metal prices are factors that… 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.
