November 29, 2011
What a beautiful start to the week! After gapping up over the weekend, the Aussie tore up the charts, rising to as high as .9977 before settling for a 79-pip gain and finishing at .9901.
The reason for the Aussie’s total ownage? Risk sentiment!
With risk-taking picking up, comdolls like the Aussie were some of the biggest winners yesterday. With no data on tap for today, we can probably expect risk sentiment to continue to be the major driver of Aussie trading. Make sure you keep an eye out for any developments, especially in Europe, as you never know what might be the catalyst for a strong move in the markets.
"The only cable I watch is the pound baby."