GB:BOE Announcement September 5, 2013 07:00 ET and US:Jobless Claims September 5, 2013 08:30 ET.
The chart pattern is suggesting a reversal. Price projection 1.5100.
The Aussie is losing momentum to the downside and building energy within a coil for a move up soon. I'm planning to enter at the market with a first target objective 0.9178 where we could have a limited retracement before the final brake-out to the upside. 0.96000 is the medium term target, Watch out for the RBA minutes on the 3rd of September 2013.
We have had several opportunities this past few months to make significant plays using what I call a hidden option arbitrage strategy. Here is a simple strategy I employ when trading options. I often scan the Volatility Indexes to find rock bottom prices. When the index gives you low readings on a historical chart scale you can purchase options at a discount. ...
