Citibank analysis team are holding on to long AUD/USD positions mainly led by the recent de-escalation of trade tensions. Key Quotes “Citi analysts are long AUD/USD, citing a further de-escalation of trade tensions in the near term as well as (1) recent moves in ADXY pointing to AUD strength, (2) the likelihood that Chinese reflation to benefit Australian data momentum soon, (3) thus an opportunity to fade Australian rates pricing that now discount an entire cut from the RBA & (4) expectations for base metal prices to continue to trade higher, potentially boosting AUD terms of trade.” 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 USD/CHF remains confined in a range, around parity mark ahead of Powell’s testimony FX Street 4 years Citibank analysis team are holding on to long AUD/USD positions mainly led by the recent de-escalation of trade tensions. Key Quotes "Citi analysts are long AUD/USD, citing a further de-escalation of trade tensions in the near term as well as (1) recent moves in ADXY pointing to AUD strength, (2) the likelihood that Chinese reflation to benefit Australian data momentum soon, (3) thus an opportunity to fade Australian rates pricing that now discount an entire cut from the RBA & (4) expectations for base metal prices to continue to trade higher, potentially boosting AUD terms of trade." 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.
