Australia’s Government announced an aggressive stimulus package yesterday that should help to support the economy and in turn Australia’s equity index, ASX 200. Traders should be cautious about risk tones turning negative and for any further breakdown in relations between China and Australia, both of which could send the ASX 200 lower.

Check out the video analysis by Giles Coghlan, Chief Currency Analyst, HYCM

https://www.youtube.com/watch?v=JhZ2Q89s3Sw

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.