What will be the prevailing mood in 2019 and which assets will gain the most on the basis of it?
Tag - aud - australian dollar
This week brings us not so many important events in the market due to the central banks’ holidays. However, there are still some opportunities for trading!
On the daily chart of AUD/USD, the 88.6% target of the "Shark" pattern was reached.
With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.
Despite the rate hike by Fed, the comments by the Fed Chair disappointed the market. Learn how the key currencies and gold have been trading against the weak USD today! Read the news!
Fed, BOJ and British MPC will make their monetary policy statements during this week. What else will move the market? Find out from the news!
Trade ideas on December 17-21
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
The market sentiment is down, Theresa May can't renegotiate the Brexit deal, Italy and the EU can't agree on a lower deficit.
AUD/USD has already substantially declined last week forming a big engulfing candlestick on W1.
Find out the trade opportunities for today ahead of the ECB meeting! Read the news!
Last week turned out to be disappointing for the AUD bulls, despite the gap up opening on Monday after the negotiations between the Chinese and US presidents. What are the reasons behind this slide?