Ahead of Tonight's RBA Minutes
This week's release of the minutes from the RBA (tonight), BoE (Wed) and FOMC (Wed) will trigger their share of market volatility as the reactions from the initial announcements are likely to be reinforced. Tonight's RBA minutes will be followed by a relative data vacuum in Australia until the Thursday release of the China HSBC manuf PMI report. Is there a pocket of opportunity for AUDUSD? Last week, AUDUSD broke above its 55-DMA for the first time since November, facing its 100-DMA ahead of the RBA minutes.
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