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2015年11月1日
GBPAUD Bullish View fundamentals #RBA #China #forex
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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
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