GBPAUD - 4hrs Trading Idea ( 190 PIP )

Pair of Name : GBPAUD
( British Pound / Australian Dollar )
Direction : Long
Time Frame : 4H
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Looking ahead, fresh retail data midweek from the Confederation of British Industry (CBI) may lend the Pound a boost, if the survey’s order book balance climbs as expected. In the meantime, Sterling exchange rates are likely to trade upon geopolitical developments and general market sentiment.

Comment:

The Pound Australian Dollar exchange rate is likely to trade tomorrow according to the release of the meeting minutes from the Reserve Bank of Australia’s latest policy meeting.

Rate cut rhetoric could cast a shadow across present AUD optimism; however, analysts are confident that policymakers will postpone monetary policy loosening until more conclusive data is available.

Elsewhere, Chinese data may have some impact upon Australian Dollar exchange rates, while Sterling performance could fluctuate according to risk flows and central bank speculation. A lack of significant UK data caps GBP tailwinds amid a quiet week for economic data

Comment:

GBPAUD Update - 1hrs Trading Idea ( 140 PIP )