-
Get Ready To Buy Back AUD/USD Dips Towards 0.9280 - Westpac
Early this month, Westpac projected that AUD/USD rebound was set for further gains towards 0.9510 (AUD was trading sub 0.91 at the time). Now as the pair has already reached this target over the past few days before retracing around one and half big figure lower, Westpac is out with another call on AUD. "Since then consensus has clearly shifted on China and the A$ has moved sharply higher. However, I am not convinced that this improvement in Asia is fully 'in the price'. This week's flash PMI in China is a good example. Markets were expecting a modest improvement, but got a solid rise to 6 month highs. Clearly this ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 25, 2013 10:02pm Sep 25, 2013 10:02pm
- Greener
- | Joined Jan 2010 | Status: Member | 667 Comments
- Comment #2
- Quote
- Sep 25, 2013 10:05pm Sep 25, 2013 10:05pm
- kranti
- | Joined Feb 2013 | Status: Member | 245 Comments
- Comment #3
- Quote
- Sep 25, 2013 10:25pm Sep 25, 2013 10:25pm
- Re_And
- | Joined Jul 2013 | Status: Member | 14 Comments
- Comment #4
- Quote
- Sep 25, 2013 10:27pm Sep 25, 2013 10:27pm
- Rtm
- Joined Jan 2011 | Status: dump and pump | 913 Comments
All posts are my personal opinion