AUDJPY Clarifies the Hint
The recurring failure of AUDJPY to regain 80 since mid August reflects mostly yen strength and speculators relative comfort to maintain the AUDJPY carry trade rather than AUDJPY. RBA is expected to hold rates unchanged at 3.00% tonight, but could well open the door further open for a November/December rate hike, in which case may boost Aussie across the board in Tuesday Asian tradeespecially in the event of a rebound in regional indices. Nonetheless, the chart below suggests selling AUDJPY on the rallies near 80 continues to be the modus operandi for AUD traders, especially as the lower highs in the stochastics signal a continued bearish divergence.
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تفسير مراحل الذهب
Mar 17, 2023 21:28 | by Ashraf Laidi.
So did I.
Unfortunately, the market does not ask our opinion on this matter.
Fortunately, it's now only about 200 pips too high! :-)
btw, ANY CHANCE OF A RALLY BACK IN U/Y NEXT WEEL; IT IS getting just obliterated here
Plus, gold decline would hurt gbp also, although possibly not as much. Netter fundamentals for aussie, although they will have completed 5 rate hikes before BOE even does one.
gold weakness may ponder aussie
i see 1.82 for gbpaud
Thank you.
Ashraf