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  • RBA Monetary Policy Meeting Minutes

    From rba.gov.au

    Overall, growth of Australia's major trading partners in the June quarter was around its average of the past decade and recent indicators suggested that this pace of growth had continued. The Chinese economy was growing at around the pace evident since the start of the year, and members noted that indications were that GDP growth was likely to remain close to the authorities' target of 7.5 per cent over the remainder of the year. Growth had been driven in large part by domestic demand, with demand for property continuing to rise, although perhaps at a slower rate than earlier in the year. Along with strong growth of ... (full story)

good or bad?
Obviously good for Australia
  •  Guest
  • | IP XX.XX.229.180
I'm long, but this could be fadable. Nothing really that bullish in there other than the mention of "no imminent rate cut"
"Members agreed that the Bank should again neither close off the possibility of reducing rates further nor signal an imminent intention to reduce them"

Neutral comments.....neutral impact
..........said a further decline in the currency would aid the economy as resource investment slows, minutes of the Sept. 3 meeting showed.

So, in the long run, RBA still go for short!
No one sure if we should buy or sell lol.
Normal statement.. No hawkish or dovish.. Continue to your trading plan...
Good for Aud ,but no more longterm impact in bullish Trend ?
  •  Guest
  • | IP XXX.XX.231.60
This is less important that tapering.Thats why no big move.
so why is it now retracing?
How far will A/U dip down?
  •  Guest
  • | IP XX.XXX.116.21
Real answer,,,,,Low volume time. Traders are trying to see if anyone wants to latch on and create some volatility?
Quoting Kok Teong
How far will A/U dip down?
first I believe she goes to .925 area for the gap on last Friday close..
Until .915 area another strong support..

FOMC still is the big players focus..
Thanks

Still continue the downtrend?

Quoting k3nshinz3139
first I believe she goes to .925 area for the gap on last Friday close..
Until .915 area another strong support..

FOMC still is the big players focus..
  •  Guest
  • | IP XXX.XX.203.83
EUR/AUD has a lot to go lower, so this will be a more supportive AUD play over the medium run
Quoting Kok Teong
Thanks

Still continue the downtrend?
Monthly just start bull..
Weekly bull strength weaker..
Daily mix and is likely start bearish..
4H bearish.. 1H strong bear if no bounce at gap zone I believe another waterfall is create IMO..
the biggest news still waiting about tapering if you trade AUD/USD, i think USD still the key factor right now
Quoting donaldkeram
the biggest news still waiting about tapering if you trade AUD/USD, i think USD still the key factor right now
Yeah... Just stick to the plan until Taper.
  •  Guest
  • | IP XX.XXX.110.4
EURAUD and GBPAUD are done going lower. I am currently long euraud at 1.4300 and will be pursuing the big number 1.5460 resistance. Will hold unless stop hit at 1.4220. Gbpaud is also ready to run at 1.8150 resistance
At least the RBA has a more believable view of China than does bloomberg.propaganda
Good for AUD, news good for AUD, I agree Good news ...
As I mentioned yesterday, buy the dips on a/u! Went long at .9300 and another 40pips in the pocket! Going to skip the US session...Happy Trading!
  •  Guest
  • | IP XXX.XXX.37.237
EUR AUD a lot to go lower

1.40 should be hit, at that time I expect a pull back in AUD$, until then I agree with PA

Any pullback is simply a buying opportunity in A$
  •  Guest
  • | IP X.XXX.217.106
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