DislikedI read more than ten articles on the web today regarding RBA rate cut but cannot recall which one discussed this issue now. Basic it was my reading from the price action. I was not trying to persuade anyone.Ignored
Mohan
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
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DislikedI read more than ten articles on the web today regarding RBA rate cut but cannot recall which one discussed this issue now. Basic it was my reading from the price action. I was not trying to persuade anyone.Ignored
DislikedI read more than ten articles on the web today regarding RBA rate cut but cannot recall which one discussed this issue now. Basic it was my reading from the price action. I was not trying to persuade anyone.Ignored
DislikedSince the commitment of traders report shows higher bets on shorts both for Aussie and Euro, expect the unexpected. I am looking for running of the upper stops.Ignored
DislikedI'm targeting .9795 too. I had a couple of longs last night (the green lines). I'm hoping we'll make it there before the announcement. Locked in a bit of profit and will straddle the news.I see .9754ish as pivotal around this level.Ignored
DislikedRBA: Credit spreads have increased, growth in Europe weakening.
RBA says labor market conditions firmed "a little."
RBA CITES MODEST LOCAL GROWTH, GLOBAL UNCERTAINTY FOR RATE CUT.
RBA says Europe outlook clouded by weak growth, politics.
RBA continues to note the slowdown in China, easing inflation, but softening its dovish tone for monetary policy.Ignored
DislikedI think some of it's been priced in, but there will of course be a "surprise" element as skeptics and optimists alike realize they are wrong... whatever the result ends up being.
I do know this... I'm not too concerned with whether they cut rates or not. However, if they cut rates, but the market starts to move up past todays highs and closes up there.... I'll look to get a longer term, somewhat large long position in the AUD.
and of course if they don't cut rates, and the market sells off strongly... I'll see this as a sign that we are on...Ignored