Elementary Australian Greenback Forecast: Impartial
- AUDUSD good points have accelerated sharply on commerce deal hopes
- That underpinning will most likely maintain on into January
- Nevertheless potential for additional US navy involvement in Iraq is now a wildcard
| Change in | Longs | Shorts | OI |
| Daily | 28% | -7% | 5% |
| Weekly | 32% | -16% | -1% |
The Australian Dollar has been on a tear since early October, and its good points solely accelerated as 2019 bowed out, can they dangle on and even go additional in a brand new yr?
Nicely, a lot of them have come as markets grew to become extra optimistic that China and the US might signal not less than an interim commerce deal. That’s apparently nonetheless on the playing cards with January 15 penciled in because the signing date. Nevertheless, that deal itself will most likely quantity to not more than a truce within the warfare of tit-for-tat tariff impositions which dominated a lot of 2019. This alone is unlikely to…