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Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours
Click-click-click-click-click! Much like a rollercoaster reaching its apex before that first big drop, traders’ anticipation for the sharp turns of the economic data in the last 48 hours of the trading week is at its peak. The disorienting descent into volatility kicks off in just a few short hours, and the first obstacle traders will encounter will be two more high-impact data releases out of Australia. At 1:30 GMT (9:30pm ET), Australia will release both its Retail Sales and Trade Balance data from July. Retail sales are expected to show 0.4% growth after rising 0.6% in June, whereas the trade balance is expected ... (full story)
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