Forex: AUDUSD and GBPUSD Attractive but Trades Require Signals
• While there is a fundamental lean for all the most liquid pairs, GBPUSD and AUDUSD stand out
• The final 24 hours this week offers limited scope for volatility, but next week carries a loaded docket
Use the consecutive bar indicator to measure the historical significance and over-extended level of the markets.
What pairs have a consistent fundamental lean whether the market is focused on risk trends (bullish or bearish) or monetary policy? GBPUSD and AUDUSD top the list, but there are a number of pairs that offer a meaningful bias through most of the scenarios for heavy thematic changes. In today's Trading Video, we look at the majors given different possible fundamental scenarios along with the importance of matching bias to catalysts that can feed dormant trading opportunities.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.