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NFP Numbers contribute to divergent monetary policy outlook

Jignesh Posted 6 Nov  in #Trader's blog #USD #Nfp #Federal Reserve #Fundamentals #Rate Decision #Fed #Rate Hike #Nfp Release
The numbers coming out of the United States were nothing short of fantastic.
Unlike any previous release, dynamics have changed in the markets.
For a large part of the week, the US Dollar was receiving a strong bid. There was some contributing factors such as negative data out of NZD and GBP, and the markets still considering the negative view point of the EURO where the ECB is seriously considering further QE..
The negative outlooks on several economies, combined with positive data out of the U…
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AUDUSD Faces Resistance ahead of Cash Rate & Statement

Jignesh Posted 2 Nov  in #Trader's blog #Resistance #Audusd #Rate Decision #Rba #Rate Statement #Rba Governor Stevens #Rba Meeting
The RBA is due to release a rate decision, as well as a rate statement early in the Asian session.
The rate is expected to come in unchanged, however speculation favors the downside for the AUD as the RBA has become notorious for it's attempt to jawbone the currency lower.
Looking at AUDUSD, the pair is struggling at 4H Resistance coming in at 0.7147
On the smaller time frames, we can even see a small channel broken, and price retesting. A rejection from current levels can provide a trade setup …
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