The latest Australian GDP figures have fallen short of expectations, which could lead to further declines in the AUD/USD pair in the near term. The growth rate landed at a mere 0.3%, missing the anticipated 0.4%. This marks the seventh consecutive quarter of GDP per capita decline, making it increasingly likely that the Reserve Bank of Australia (RBA) might resort to rate cuts by early 2025.
Now, let’s consider how we can devise a strategic trade plan based on these developments.
—
This piece is exclusively for Premium Members. By joining our Premium membership, you will unlock full access to the website and enjoy additional benefits, including:
– An ad-free experience
– Daily actionable short-term strategies
– Guides for trading around high-impact economic events
Moreover, you’ll gain access to exclusive sections of MarketMilk™ and much more!
