DislikedAlthough I closed my long London/SUNDAY open I got back in long here at 1.0405 (i know I should of held but hey, I am starting back up with swing/scalp after a year or more out of this arena lol) with a stop at 1.0488 We are at open wall (non resistance) between the fib confluence. Unless RBA minutes signal a cut in December we should see the top fib completed on the long side this week. This has occured several times in the past when there is a open wall between the fibs on the downside as well as the upside looking for completion.
Unless
gop...Ignored
These are of lesser importance than usual given that the quarterly Statement on Monetary Policy has already been released since the last Board meeting.
Of interest though is RBA Governor Stevens speaking at the annual CEDA Annual Dinner (Commitee for Economic Development) in Melbourne tonight at 7.15.pm (08:15 GMT)