GBP/USD: Trading the Change in U.K. Mortgage Approvals
Mortgage approvals in the U.K. are expected to fall to 50.0K in January following the unexpected decline in the previous month, and the data could weigh on the exchange rate as policy makers continue to see a risk for a protracted recovery.
GBP/USD: Trading the Change in U.K. Mortgage Approvals
Mortgage approvals in the U.K. are expected to fall to 50.0K in January following the unexpected decline in the previous month, and the data could weigh on the exchange rate as policy makers continue to see a risk for a protracted recovery.
A Developing Wedge Makes AUD/USD A Scalping Target
The AUD/USD has traded in a 300 pip range over the past few weeks as risk trends continue to ebb and flow. The credit troubles in Greece continue to be a source of volatility but concerns haven’t reached the level where a broad based flight to safety has been generated. The pair has been prone to spikes in price action which makes it a risky target for true scalpers. However, there are several technical levels that are converging that provide target level to enter and exit positions.