Mixed economic signals, political situations and forecasts cut led right up to the market close. Uncertainty awaits in the week ahead.
AUD/USD Forecast
303 posts
Risk appetite returns as a number of uncertainties receded. Price action is likely to be still mostly sentiment driven. Next week's economic events await.
The AUD/USD failed to establish a foothold below the region of 0.68. The US and China trade negotiations continued to influence sentiment.
As the US dollar faces bearish pressure, both the AUD and EUR were bullish for the week. Price action is likely sentiment in nature as fundamentals remain.
A bearish AUD/USD ends up bullish as positive sentiment floods the market due to optimism for a US China trade deal and a Brexit deal.
The US Dollar weakens as disappointing economic data resulted in the increased speculation of another interest rate cut by the US Federal Reserve.