My mood is bullish for that Pair.
Basically due to fundamentals like cheap oil
USOIL, iron ore, coal and metals like copper
COPPER. Main consumer worldwide and in this region is China. China's economy is slowing down after years of +7% growth.
tradingeconomics.com/china/gdp-growth-annual
tradingeconomics.com/china/business-confidence
One of China's big supplier is Australia. atlas.media.mit.edu/en/visualize/tree_map/hs92/import/chn/aus/show/2013
Australia's currency devalues with cheap commodities.
Watch out for the main event for GBPAUD.
Interest Rate in Australia is reported by the Reserve Bank of Australia this week.
tradingeconomics.com/australia/interest-rate
Basically due to fundamentals like cheap oil
USOIL, iron ore, coal and metals like copperCOPPER. Main consumer worldwide and in this region is China. China's economy is slowing down after years of +7% growth. tradingeconomics.com/china/gdp-growth-annual
tradingeconomics.com/china/business-confidence
One of China's big supplier is Australia. atlas.media.mit.edu/en/visualize/tree_map/hs92/import/chn/aus/show/2013
Australia's currency devalues with cheap commodities.
Watch out for the main event for GBPAUD.
Interest Rate in Australia is reported by the Reserve Bank of Australia this week.
tradingeconomics.com/australia/interest-rate
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