Trade the non-farm payroll report (NFP) to capitalize on one of the biggest forex market moving events of the month. Here are a number of ways to trade it.
The battle between the two contenders to be Britain’s next prime minister is getting messy. Boris Johnson, the frontrunner, admitted that he doesn’t know all the details involved in the plan B he’s set out for continuing trade should the U.K. leave without a deal. The October 31 deadline is also getting an airing, with Johnson saying it would be “insane” to suggest this date couldn’t be met while his opponent, Jeremy Hunt, refused to commit to getting the exit done by Christmas. And pro-EU campaigner Gina Miller said that if the government were to suspend Parliament to push through a no-deal Brexit, she’ll sue.
Our analysts suggest to buy the GBP/AUD at current levels around 1.7855. Our target for the pair is 1.7900-1.7950.