In the week since that last article, volatility in GBP/JPY has tamed a bit as a ~200-pip range has developed. This range can be seen as an upward-sloping channel that has a slightly bullish bias; with slightly higher-highs and slightly higher-lows. This is somewhat indicative of a market without significant conviction; and as we discussed last week this is likely resultant from the fact that both currencies are being or have been driven weaker by extremely dovish monetary policy. In the U.K., the ...
The unemployment rate in Australia came in at a seasonally adjusted 5.6 percent in September, the Australian Bureau of Statistics said on Thursday. more...
Trading the News: European Central Bank (ECB) Interest Rate Decision Even though the European Central Bank (ECB) is widely anticipated to retain its current policy in October, the EUR/USD may face a sharp move should President Mario Draghi & Co. take additional steps to further support the monetary union. What’s Expected: Why Is This Event Important: After cutting the growth forecast in September, ...
The unemployment rate in Australia was a seasonally adjusted 5.6 percent in September, the Australian Bureau of Statistics said on Thursday. more...
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