Open trading account 
Not much action today in the forex markets, pairs are only moving in tight ranges up & down. Not much news ether and no important economic data releases are all supporting range trading.
The one exception was NZD which gained over 1% during the Asian session. Last week NZ dollar was the biggest loser, so no wonder it recovered somewhat from the multiyear lows. For sure this week we will witness more wild moves because of RBNZ decision coming in 2 days. I'm kind of thinking that a 0.25 cut is nearly fully priced in and that there's a chance here for a really big move up. Especially, that it seems that everybody is short on it.
I also expect some kind of AUD recovery but that will be limited by the sellers re-surfacing probably around 7550 or even lower. I usually stay away from the Antipodean currencies but this time I'm tempted to try my luck with them
The one exception was NZD which gained over 1% during the Asian session. Last week NZ dollar was the biggest loser, so no wonder it recovered somewhat from the multiyear lows. For sure this week we will witness more wild moves because of RBNZ decision coming in 2 days. I'm kind of thinking that a 0.25 cut is nearly fully priced in and that there's a chance here for a really big move up. Especially, that it seems that everybody is short on it.
I also expect some kind of AUD recovery but that will be limited by the sellers re-surfacing probably around 7550 or even lower. I usually stay away from the Antipodean currencies but this time I'm tempted to try my luck with them
