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AUD takes a hit against the majors on a combination of the potential economic hit from the massive Australian brush fires & global geopolitical fears.
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JPYcomes out at the biggest loser this week as the high tensions between the U.S. and Iran faded into the weekend.
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The NFP report is only a few hours away! Here’s a setup to consider if you’re trading the report today.
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We’re checking out GBP/USD today as there seems to be a short-term technical setup in the works after a spike in volatility related to the Bank of England.
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Tensions between the U.S. and Iran seem to have de-escalated over the past few hours, but could this just be the calm before the storm?
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Price action in GBP/AUD has tightened up to form a potential breakout opportunity ahead of top tier Australian & Chinese data ahead.
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Escalation of tensions in the Middle East got me looking at AUD/USD possibly reversing its trend on the 1-hour time frame. What do you think?
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With economic data ahead from both Australia and Japan coming soon, the momentum in AUD/JPY could be a train to jump on!
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Most pairs are stuck in ranges over the past few hours as market participants are waiting to see how geopolitical risks pan out.
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With global risk sentiment still leaning negative off of geopolitical tensions in the Middle East, this setup on AUD/USD is definitely one to watch!
Read MoreGenius is one percent inspiration and ninety-nine percent perspiration.Thomas Edison