A 10-day bull run from GBPUSD - matching the strongest advance in three decades - was brought to an end Monday. This is an attractive statistic for those trying to pick reversals, but history says we need more to force a true reversal. In the meantime, traders are prepping for the RBA rate decision. Expectations have grown decisively dovish/bearish, meaning the bar has been set very low for a negative reaction from the Australian dollar. Could a rate cut actually end with an Aussie dollar rally? Also, we look at the shift in risk trends to start the weekend - breaking last week's bull trend; but once again, there is little momentum behind this change of tides.
Will GBPUSD Reverse after Massive Run and Setting Up RBA ImpactBy John Kicklighter, Chief Currency Strategist
- May, 22 02:22 GMT Forex: Fed’s QE3 Path Presents Considerable USD/JPY and AUD/USD Trade Potential
- May, 21 03:06 GMT USD/JPY Wavers but Will it Turn on Policy Shift?
- May, 20 17:31 GMT QE3 Speculation Holds Dollar’s, S&P 500’s, Risk Trend’s Future
- May, 20 16:30 GMT Video: Trading the US Dollar Breakout
- May, 20 14:19 GMT Scalping with Michael Boutros on DailyFX 5/20
- Apr, 28 03:10 GMT Dollar Tumbles as Risk Trends Climb, A Serious Decision Must be Made
- Apr, 27 03:25 GMT Dollar’s Recovery, Market Activity Dependent on Volatility at Three Year Lows
- Apr, 26 04:46 GMT Dollar, S&P 500 and GBPUSD Hold Ranges Despite Fed and UK Recession
- Apr, 25 01:13 GMT GBPUSD Top Volatility Risk Between UK GDP and FOMC Rate Decision
- Apr, 21 04:50 GMT EURUSD, GBPUSD, AUDUSD and More Face Heavy Volatility on Packed Docket