Wednesday, 24 October 2018

Pending Short AUD/USD. Prices at Risk to Stocks, Higher BoC Rate

Global stock markets continue to wobble as Wall Street was aggressively hit. Prospects of more weakness in stocks and a diminishing yield advantage argues in favor of shorting AUD/USD.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...