FXMillionaire

FXMillionaire Updated 

TRADE OF THE MONTH FOR MAY 2020 Over the last 20 years, May has been the second worst month of the year for AUDUSD with an average drop of 1.5%, In April, AUDUSD has been on a meteoric rise based on hopes that the Chinese economy will fare better than the rest of the world. Since China is the main export destination for Australian products and Australia was...

FXMillionaire

Given that the expectation of a rate hike in the US is already priced in for September, further strengthening of the US Dollar would require a steeper rate curve than expected, which is unlikely to happen. The Fed will be very cautious and slow rising rates. Hence I expect the EUR to rebound once the first rate hike is through, which results in a classical "Buy...