Analysts at TD Securities suggest that the advance reading of Q2 US GDP may offer a more interesting event risk for FX markets and with relative growth expectations repriced and well advanced, the USD may be more responsive to a downside surprise. Key Quotes “This could be more important for AUD following an uneventful CPI print. Though we are mindful of developments in the commodity space that suggest a more supportive trading tone for the antipode, AUD’s relationship with relative terms of trade has loosened.” “Instead, the AUD remains largely deferent to broad USD dynamics, so we rather look to US GDP this week as a potential catalyst.” 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 Gold rises above $1230 as US Dollar loses traction FX Street 5 years Analysts at TD Securities suggest that the advance reading of Q2 US GDP may offer a more interesting event risk for FX markets and with relative growth expectations repriced and well advanced, the USD may be more responsive to a downside surprise. Key Quotes "This could be more important for AUD following an uneventful CPI print. Though we are mindful of developments in the commodity space that suggest a more supportive trading tone for the antipode, AUD's relationship with relative terms of trade has loosened." "Instead, the AUD remains largely deferent to broad USD dynamics, so we rather look to… 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.
