Australian Economy has been showing signs of resilience with labor data remaining strong. Governor Bullock delivers hawkish message in first speech underpinning the AUD ahead of inflation data tomorrow. Lets us take a look at potential trading setups
GBP prices are on offer as risk aversion gains traction across FX markets. Fed Chair Powell will be watched later today for any insights into monetary policy going forward.
The Yen experienced a brief period of strength on news the BoJ is expected to upgrade their inflation forecasts. How much longer can the BoJ threaten FX Intervention before the message loses effectiveness?