AUD unknown

usa q4 gdp, page-13

  1. 739 Posts.
    its a tough one

    yes commods and stock prices will remain bullish with a positive gdp, riskier asset classes reamain attractive, all good for the AUD BUT, it will also indicate an improving US economy, and as the us dollar has been heavily sold off i would expect a rebound until further news can confirm the us recovery is taking hold OR that it was a temp bounce and if the economy starts to weaken again, then its back in favour of the aud

    but i would def hold off any trades immediately after the news release
 
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