A busy day ahead but will we get any movement??
Forex Worldwide
AUDUSD: A more subdued start to the week, as one would expect with a bank holiday and ahead of a data filled day today. Today’s major data releases and policy announcement by the RBA have the potential to force a break out of the current 1 cent range, however any move is likely to be tempered as we wait for the US jobs numbers on Friday. AUDEUR: Hardly any movement here despite a slight pickup in European Manufacturing. On the charts we'll look for a test of the gradual upward channel. AUDGBP: Also held in tight price action, despite UK Manufacturing showing a 27th straight month of growth. Construction data is due this evening and expected to follow the same pattern, but result in a more exaggerated move as the domestic data would have passed. The trend is still firmly down. AUDNZD: The bank holiday ensured 1 way traffic and pushed the cross lower. Today’s domestic events and tonight's NZ Dairy Price, (plus tomorrow's NZ Employment), figures are set to make a volatile 24 hours. Support at 1.10 should hold.
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Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
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Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
Expertise
No areas of expertise