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.
Stronger Than Expected U.K. Growth Creates Difficult Decision For BoE
The second reading of U.K. GDP was revised higher to 0.3% from 0.1% as the country emerged from its recession. Consumer spending increased by 0.4% and based on the jump in the CBI retail survey is expected to continue, which bodes well for future growth.
Stronger Than Expected U.K. Growth Creates Difficult Decision For BoE
The second reading of U.K. GDP was revised higher to 0.3% from 0.1% as the country emerged from its recession. Consumer spending increased by 0.4% and based on the jump in the CBI retail survey is expected to continue, which bodes well for future growth.