RBA left interest rates untouched and while Chinese PMI numbers disappointed and the PBOC decided to start intervening in the economy again by cutting the bank reserve ratios. All this has an impact in the AUD. Therefore it will be interesting study AUD pairs and see if we can find tradeable setups in those pairs.
EURAUD for instance is a big mover and it’s been bearish down for three weeks now. What will it do next? Is there still more downside? How can you trade with odds in your favour? These are just some of the questions I’ll be answering in today’s Live Analysis Webinar at 1 pm GMT today.
Another key point I want to look at is volatility. You see, events like to these move the markets and cause volatility, and for us as traders, volatility means opportunities to profit. So join me in today’s webinar to find out more!
A personal note from me to all new traders
I receive quite a few emails from readers of my analysis asking me how they can understand the market charts and market movements better. Well I’ve got some great news! I’ll be personally hosting a webinar today titled ‘Live Analysis’ and the purpose of this webinar is to educate you on understanding charts and market movements so that you can trade more successfully.
I’d love to see you on the webinar with me today. Simply click on the link below and register for this free event.
I’ll also be taking on questions in the Q & A session towards the end of the webinar, so feel free to get in touch during the event with your questions.
Hope to see you soon!”
Chief Market Analyst