Does classical chart analysis have any place in modern trading todays markets?
AUD/USD fell to a session low of 0.7838 after the Reserve Bank of Australia (RBA) minutes showed the policy makers see no reason to follow global rate hikes.
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- · RBA minutes: rate change timing here dependent on local economic conditions
- · AUDUSD: Trading from the short side
USD/JPY is better-bid in the Tokyo open while there is a lack of volatility in the market and the dollar remains robust.
The pair came under a modest pressure after a report by The Financial Times claimed that the UK PM Theresa May was not going to increase her 20 billion GBP Brexit offer at this week's EU council meeting.
Catalexit: Risks are severely underpriced in the Euro
The conflict between the Catalan and Spanish governments is a serious threat to the Euro.
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