Our trade of the week to be short AUDUSD* has caught attention due to its aggressive target of 0.65. Actually we think the level is not out of reach, it was our end 2017 target and we see a risk of hitting that level even earlier than that, but for now we are promoting it as a medium term structural trade. In general, from the China side, loose monetary conditions have caused a housing market boom and thus high commodity imports, but we think the easing will slow in coming months. As we find again this morning, China's authorities are starting to show signs of clamping down on the housing market. Some regions have ... (full story)