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It has been a quiet start to a busy week in the foreign exchange market with volatility focused on what we’ll dub as wild Wednesday. The day kicks off with the UK’s labor report followed by Janet Yellen’s semiannual testimony to Congress and the Bank of Canada’s monetary policy announcement. Later that day the Fed releases its Beige Book report and in the evening (NY Time), China shares its June trade numbers. With that in mind, trading tomorrow will be dominated by pre-positioning for these big…
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AUD/USD Trading Ideas 10 to 14 April
AUD/USD posted sharp losses last week, losing 150 points. The pair closed at 0.7482. This week’s key events include Retail Sales, Trade Balance and the Cash Rate. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, employment data was mixed. [url=https://www.forexcrunch.com/non-farm-payrolls-98k/]The Non-Farm Payrolls report disappo…