AUD/USD: all eyes on employment data
The AUD/USD pair is marginally up daily basis at around 0.7140, reversing an early decline to 0.7111 triggered by RBA Meeting's Minutes.
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USD/JPY: recovery limited, still in bearish ground
The USD/JPY pair recovered the 112.00 level and trades a handful of pips above the level underpinned by the recovery of Asian stocks' markets and an uptick in US Treasury yields, as the benchmark yield for the 10-year Treasury note is up to 3.17% after spending Monday at around 3.15%, weighing on the yen.
GBP/USD up, despite Brexit senseless rhetoric
Willy-nilly comments from authorities from both sides of the English Channel keep leading intraday moves, but Pound bulls overcame it all, hoping a deal will be achieved at the end.
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![Joseph Trevisani]()
Divided government often means that few new initiatives take place. That would be especially true now in the polarized political atmosphere in the American capital. From a market perspective, with the economic and fiscal program of the current administration fueling a strong economy, no change is good. As this is the highest possibility it is largely priced into the markets.
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"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"
"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."
