Aud/Usd to Return to normal standards.. 2--3 yrs?
bought at 0.698 & adding conservative longs along the way.
While Usd is looking to cut rates during its slowdown itd be nice to take advantage of this. Watch for Usd Core Cpi in the coming hours & Core PPI. It'd be an ideal long term trade to sometime after Usd news .
July 31 st- FOMC Meeting & is expected to cut rates. China (Australia biggest trading partner) is expected to pick up in late Q4 & perform well in 2020.
what I expect is 1 cut soon & a possible November . that can change if Us china negotiations work out thus putting Fed data dependent.
While Usd is looking to cut rates during its slowdown itd be nice to take advantage of this. Watch for Usd Core Cpi in the coming hours & Core PPI. It'd be an ideal long term trade to sometime after Usd news .
July 31 st- FOMC Meeting & is expected to cut rates. China (Australia biggest trading partner) is expected to pick up in late Q4 & perform well in 2020.
what I expect is 1 cut soon & a possible November . that can change if Us china negotiations work out thus putting Fed data dependent.