The Q2 2020 Australian Inflation data is due out on July 29 at 01:30 GMT. The expectation is for a steep drop from 0.3% in Q1 2020 to -2.0%. This would be a record drop if the expectation is met or if the figure is more negative. The figure from a year ago (Q2 2019) stood at -0.4%, and represented a drop from the previous figure of 2.2%. The results for this data piece will have to contend with the prevailing sentiment in the market, which is hugely USD-negative. Here is how the trade could likely play out. Outlook for AUDUSD The pair has been in a strong uptrend for 2 months now. Therefore, traders need to consider ... (full story)