AUDUSD: BULLS NEED TO REMAIN PATIENT
The RBA has moved to state it is committed to doing what is necessary to ensure that inflation in Australia returns to target over time.
Also the continued tightening of the labour market also supports tighter monetary policy and investors expect at least another 150bps by the end of the year. Unempolyment under 4% underlines need for additional tightening with markets pricing in more than 35bps next meeting.
Economists view the AUD as undervalued with forcasts for the pair to be trading at 0.72 by second quater anf 0.75 by third quater. However, rising external issues linked to rising Chinese concerns indicate AUD bulls may need to be patient in the short term
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and I will answer them
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Also the continued tightening of the labour market also supports tighter monetary policy and investors expect at least another 150bps by the end of the year. Unempolyment under 4% underlines need for additional tightening with markets pricing in more than 35bps next meeting.
Economists view the AUD as undervalued with forcasts for the pair to be trading at 0.72 by second quater anf 0.75 by third quater. However, rising external issues linked to rising Chinese concerns indicate AUD bulls may need to be patient in the short term
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and I will answer them
And please don't forget to support this idea with your like and comment
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