The Australian had an exciting week so far with the RBA rate decision and the disappointing GDP release. Can it recover? The team at Credit Agricole sees sell opportunities on any rally ahead of next week’s Australian jobs report: Here is their view, courtesy of eFXnews: The AUD has been under pressure, regardless of better than expected retail sales in October. In the current environment we expect investors’ to favour selling rallies, for instance against the USD. Although domestic growth conditions have been improving of late, weak commodity price developments indicate little upside risk to inflation. From that angle the RBA is likely to stick to the view that the currency has to depreciate further in order to compensate for weak commodity prices’ dampening impact on the economy. All of the above stands in contrast to the US, where improving growth prospects keep investors’ Fed rate expectations well supported. As a result to the above outlined conditions we remain in favour of selling AUD rallies, for instance against the USD. 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 Forex News Today: Daily Trading News share Read Next EUR/USD: Trading the US NFP Dec 2014 Kenny Fisher 7 years The Australian had an exciting week so far with the RBA rate decision and the disappointing GDP release. Can it recover? The team at Credit Agricole sees sell opportunities on any rally ahead of next week's Australian jobs report: Here is their view, courtesy of eFXnews: The AUD has been under pressure, regardless of better than expected retail sales in October. In the current environment we expect investors' to favour selling rallies, for instance against the USD. Although domestic growth conditions have been improving of late, weak commodity price developments indicate little upside risk to inflation. From that angle the… Top 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.
