Thought we’d try reposting Pip Diddy’s daily U.S. session watchlists here. Let me know if you guys find this helpful!
GBP/AUD is likely the top market mover for the next session, not only on U.S.-China trade news, but also on economic data ahead from the U.K., China and Australia.
If you’re a bear on GBP/AUD, a retest of the top of the range after bullish China / Australian data should be the signal to play the range once again, or a retest on the bottom of the range on a combination of weak U.K. inflation and positive Asia region data should be your cue to be on the lookout for a downside breakout.
For the bulls, a test of the bottom of the range is pretty likely at the moment given the downside momentum, and it will likely take both bad Australia / China data and good U.K. inflation data to draw in the bulls once again to hold 1.7650 as support. A negative update on the U.S.-China trade war story is also a strong catalyst for a bullish move on this pair, but after today’s announcement, it’s highly unlikely we’ll see something like that in the next session or two.
Here’s the link to the rest of the article: