Rationale to be Bearish AUD :
1. Dovish undertone of the recent released RBA monetary minutes (you can also check my AUDJPY trading plan, detailed rationale why I am bearish AUD). SO this minute strengthenes my personal conviction AUD is Bearish
Rational to be bullish GBP :
1. Apart from the economic data (bullish for GBP), there some positive news regarding the BRexit negotiation. UK Fin Minister Hammon was very optimistic. The market (the banks particularly) liked it apparently.
1. Dovish undertone of the recent released RBA monetary minutes (you can also check my AUDJPY trading plan, detailed rationale why I am bearish AUD). SO this minute strengthenes my personal conviction AUD is Bearish
Rational to be bullish GBP :
1. Apart from the economic data (bullish for GBP), there some positive news regarding the BRexit negotiation. UK Fin Minister Hammon was very optimistic. The market (the banks particularly) liked it apparently.
Comment:
Price indeed reach 1.74508. Sterling selling. Inflation report testimony right now. Not sure if the market is reacting to it or something else. Researching now.
Order cancelled:
hawkish comment from RBA Lowe earlier today. I totally forgot!! I will scratch this plan. Its Bullish AUD at these session.