Trading University Daily

AUDUSD continues to steam higher today ahead of this evening’s Australian Employment Change.   The Aussie has benefited greatly from both high interest rates relative to the rest of the G-7 countries, and from the low interest rate policies of those same partners. With little to point to other then the possibility of a slow-down for China [...]

The Euro, similar, yet on a smaller scale to the Yen, could see a price blow up should resistance not materialize at the 143.00 handle – see chart. The reason behind the *soda-pop rally, similar to last month’s yen bubble,  would be because shorts are trapped, and longs don’t want to sell to them, yet. Trading [...]