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Action! The Week Truly Begins with Australian CPI
If you’re only just settling down in front of your trading screens for the first time this week then you’ve timed yourself perfectly. In just a few hours, arguably the most important piece of the Australian economic puzzle see its second quarter figure released. That is of course, Australian CPI. But before we delve into the release, yesterday’s price action was very important and needs a rundown. Price action that was all about the following headline out of Japan which first sent USD/JPY tumbling and then had a flow-on effect to the rest of the Forex market from there: The move was exaggerated by the USDX ... (full story)