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  • Australia: 5 reasons for a rate cut

    From forexcrunch.com

    The RBA is expected to leave the rates unchanged. A vast majority of economists thinks so, and so do market: there is a chance of only 16% for cutting the rates below the historic low of 3%. However, there are some arguments supporting a cut. In case of a surprising move, AUD/USD could plunge and even test parity. So, here 5 arguments that support the cut: Housing sector: Australia’s housing sector is still looking for a direction. Fresh building approvals data disappointed and send the pair below 1.0150. A rise was expected but a drop of 2.4% was recorded. Capital expenditure: The recent quarterly report showed a ... (full story)

I believe it will happen sometimes this year, not necessarily today.
AUD can keep the market high
Positive Data AUD go down ?
Before the Data AUD is going up no matter slowly But as soon data released its sucks
Quoting Mph
Before the Data AUD is going up no matter slowly But as soon data released its sucks

Mph,

It will start to go up in the next couple of hours unless there is a rate cut...
There is always a price for promises you don't keep!
Quoting DragonFire
Mph,

It will start to go up in the next couple of hours unless there is a rate cut...
Dragonfly, I'm placing bet on RBA to cut rate by .25% today. Of course with SL cap at 1.025.
Quoting FortuneRider
Dragonfly, I'm placing bet on RBA to cut rate by .25% today. Of course with SL cap at 1.025.
,

FortuneRider,

I will be shock if there's a rate cut.....
There is always a price for promises you don't keep!
Yeah and there is no rate cut... Rate cut will be the last weapon for RBA and it won't be used unnecessarily...
have sell order in at 2380, 60m200. where it res last time.

filled :>)
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