I believe AudUsd should pull back up in coming hours to around 6525 where there is a good R/R to short and hold if you missed it for a few days if it sticks. Overall Aud is a nice buy especially against crosses so my preference is to be long those crosses. Usd has rate dominance overall so if it is selling it is just smaller cycle.
XAUUSD 4 HOUR CHART – HAS THE BUBBLE BURST?
The jury is still out in XAUUSD as the bulls need to keep closes above 2300 to maintain a 2300-2400 range and a pattern where moves outside of it lack follow-through.
As I noted yesterday, bias within this range is tilted down as long as it stays below 2350.
Now it needs to hold 2291 and keep closes above 2300 or risk points lower.
HOTTER US EMPLOYMENT COST INDEX… USD UP, YIELDS UP, STOCKS DOWN IN KNEE JERK REACTION
There was a Global-View member. a bank trader working for Japanese bank who gave the JPY a nickname I never forgot. He called the JPY “The Devil “ The reason, as he said was because “the YEN had destroyed more trading careers” than any other currency.
Currency Intervention and Why the JPY is Called : “The Devil”
Currency Intervention and Why the JPY is Called : “The Devil”
Agree Knez….but why did oyu have to ruin it all with mentioning the Data 😀
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