That is something that you need to remember in today’s market environment. Write it on a post-it note and sticky it to your wall above your trading screens. You are going to need to be looking at it again and again. Aussie above 80c: AUD/USD moved back above 80c overnight as last night’s Consumer Confidence data continued the recent trend of poor readings out of the US and missed expectations with a print of 95.2 vs the expectation for it to climb to 102.6. This Aussie Dollar move is sure to put pressure on the RBA to cut again, as the last cut’s effects on dollar depreciation has now all been wiped out. During ... (full story)