A mixed data week left the forex trading market jittery and undecided. The U.S. dollar could not break key resistance levels and remained rangebound. Gold topped $1,100. The RBA raised rates 25bps to 3.5% and increased GDP forecasts. October PMIs printed 51.7 manufacturing, 54.8 services, and 50.9 construction. October inflation expectations eased to 1.2% y/y, [...]

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The big forex trading news this week is the RBA rate hike. Although only 25bps, from 3.0% previous to 3.25% current, it’s the first amongst the G-20 nations since the global financial crisis began and Governor Stevens didn’t hesitate to mention more can be safely expected. AUD/USD jumped on the news, rallying almost 140 pips [...]

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