Lawrence's Comment
Recap
US dollar trashed, but the stock market did not hold up. The correlation had broken down. The most interesting thing from last week was the waterfall formation that ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Currency war at its finest - ninja found resistance at previous week close and dropped itself down to Y-0. In turn words exchange at the central bank level broken ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
AUDUSD Dec 12 to Dec 16 Outlook
Lawrence’s Comment
As expected, failed to breakout above Y+1 and dropped back down to Y-0. Closed the week at midpoint.
Outlook
Intervention effect from the central banks takes time to be absorbed by the markets.
As long as B-1 holds, Aussie has a good chance to test B+1 again.
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