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.
www.tradingeconomics...na/gdp-growth-annual
www.tradingeconomics.../business-confidence
One of China's big supplier is Australia. atlas.media.mit.edu/...rt/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.
www.tradingeconomics...tralia/interest-rate
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. www.tradingeconomics...na/gdp-growth-annual
www.tradingeconomics.../business-confidence
One of China's big supplier is Australia. atlas.media.mit.edu/...rt/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.
www.tradingeconomics...tralia/interest-rate
