The string of weaker Australian economic data came to an abrupt stop this week as both the GDP and Trade Balance data printed better than expected. And while the internal components of the reports weren’t as strong, the AUD/USD has had a bid tone all week. Our trade suggestion is to sell into the rally.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks