Looking at the market

drewkin(41)
Published in
#forex
Words
145
Reading
1 min
Listen
Play
9y

RBA
The RBA Interest Rate Decision and Statement is announced later today. There is an opportunity to straddle this market event. This is done by placing entry orders above and below the market price just before the announcement. There is risk involved with all trades, but traders have profited from this with previous market events.
Myfxbook: https://goo.gl/iTiXJD

AUDUSD
If you like to trade the AUDUSD consider doing some research on Elliot Waves. In the technical analysis below, we can see that there is a longer-term downtrend, possible direction and places for Stop Losses.
Investopedia: https://goo.gl/GhdaNR

The Nikkei
Trump placing tariffs on steel and other items caused a sell-off on equities in particular the Nikkei. During 2017 it seemed easy to trade indices, simply buy and hold. This year has seen volatility come back into the market. Traders hedging have found more success as they mitigate risks.
Bloomberg: https://goo.gl/w8MkLN

Looking at the market | Ecency