AUD/USD Reverses after Jobs Data, GBP/USD Readies for BoE
While underlying risk trends may not be offering us a strong pace of momentum across the markets, event risk has presented plenty of short-term setups. This past session, we have seen a remarkable reversal from AUDUSD at key support following a positive employment report. The kiwi has forged a similar rebound with NZDUSD and other crosses on its own labor data beat. And, given all the meaningful fundamental surprise as of late, traders of GBPUSD and other pound-based pairs should be prepared for an unexpected move by the Bank of England. We discuss all of this event risk and its trade influence - while keeping an eye on the potential in the inevitable risk aversion shift - in today's video.
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